Coinbase Files to List U.S. Single-Stock Perpetual Futures

Dow Jones09-18 21:01

Coinbase Global said Friday that it has sought regulatory approval to list perpetual futures tied to individual large-cap U.S. stocks.

Perpetual futures, known as “perps,” are speculative derivative contracts that never expire, allowing traders to pile on leverage that amplifies their potential gains and losses.

Coinbase plans to list perps tied to roughly 50 to 60 popular stocks such as Apple, Microsoft, Tesla and Nvidia. It plans to launch trading later this year, pending regulatory approval.

The largest U.S. crypto exchange already offers perpetual futures tied to cryptocurrencies and thematic equity indexes in the U.S. In late May, the Commodity Futures Trading Commission approved the listing of perpetual futures at registered U.S. platforms.

Single-stock perpetual futures have surged in popularity as traders flock to the decentralized exchange Hyperliquid to gain leveraged price exposure to popular U.S. stocks. To date, these contracts haven’t been available on regulated U.S. platforms. Besides Coinbase, prediction-markets platform Kalshi has also filed to list regulated single-stock perps.

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