Coinbase has filed with the US Commodity Futures Trading Commission to list single-stock perpetual futures, a step that would bring a derivatives structure widely used in crypto markets to individual US equities.
The filing was submitted Friday through Coinbase Derivatives. If approved, the contracts would give US traders 24/5 exposure to individual stocks without requiring them to own the underlying shares. Perpetual futures differ from traditional futures because they do not expire.
Contracts are still awaiting regulatory approval
Coinbase said the products would build on its existing US perpetual futures market and extend that structure to individual stocks for US traders. The proposed contracts are classified by the CFTC as single-stock futures and remain pending regulatory approval.
Coinbase was cited in the report as the source for that part of the filing details.
Initial lineup could cover 50 to 60 stocks
The Wall Street Journal reported Friday that Coinbase plans to initially offer perpetual futures tied to roughly 50 to 60 stocks, including Apple, Microsoft, Tesla and Nvidia.
Earlier SEC filing set up the regulatory path
The CFTC filing follows an earlier move by Coinbase Derivatives. On Sept. 1, the company filed Form 1-N with the Securities and Exchange Commission to register as a national securities exchange for the purpose of offering security futures.
Similar products are already live outside the United States
Coinbase launched stock perpetual futures in March for eligible traders outside the United States. Those contracts track major US stocks and indexes, including Apple and Nvidia. At the time, the company said the products were unavailable to US persons and that it was working to expand the offering to additional regions.