Coinbase files with CFTC to bring single-stock perpetual futures to the US
Coinbase seeks CFTC approval for single-stock perpetual futures
Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures in the United States. The filing, submitted Friday through Coinbase Derivatives, asks regulators to approve contracts that would give US traders 24/5 exposure to individual stocks without owning the underlying shares. Perpetual futures are a type of derivative contract that never expires, unlike traditional futures.
Key details of the proposed contracts
- The proposed contracts are classified by the CFTC as single-stock futures and remain pending regulatory approval.
- The Wall Street Journal reported that Coinbase plans to initially offer perpetual futures tied to roughly 50 to 60 stocks, including Apple, Microsoft, Tesla and Nvidia.
- Coinbase already offers stock perpetual futures to eligible traders outside the US, having launched the product in March.
What the filings say
The CFTC filing follows an earlier regulatory step by Coinbase Derivatives, which filed a Form 1-N with the Securities and Exchange Commission on Sept. 1 to register as a national securities exchange for the purpose of offering security futures. Coinbase said the products would build on its existing US perpetual futures market, bringing the same structure to individual stocks for US traders.
What is confirmed
It is confirmed that Coinbase submitted the CFTC filing on Friday and filed Form 1-N with the SEC on Sept. 1. It is also confirmed that Coinbase currently offers stock perpetual futures outside the US and stated in March that it was working to expand the offering to additional regions.
What is still unclear
The CFTC has not yet approved the proposed contracts, and it remains unclear whether the regulator will grant approval. The exact list of stocks to be included has not been officially confirmed by Coinbase, though the Wall Street Journal reported it would cover roughly 50 to 60 major stocks.
Why this matters for US traders
If approved, the contracts would let US traders access individual stocks 24 hours a day, five days a week, through a derivatives structure already widely used in crypto markets. This would bring a popular crypto trading tool to traditional equities for US customers.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.