Coinbase Derivatives has officially submitted a proposal to the US Commodity Futures Trading Commission (CFTC) to launch single-stock perpetual futures in the domestic market. The filing targets opening access to leveraged trading for individual stocks operating 24 hours a day, five days a week.
A report by The Wall Street Journal noted Coinbase is targeting the launch of around 50 to 60 stock contracts by the end of this year if regulatory approval is granted. Initial names on the list include shares of Apple, Microsoft, Tesla, and Nvidia.
Price Exposure Without Ownership Rights
Perpetual futures instruments offer a different way to bet on Wall Street stock movements. Contract buyers do not purchase physical shares at all. Traders automatically forfeit all shareholder privileges - from the absence of company dividend payouts and voting rights to the lack of asset ownership proof.
Despite the lack of ownership, perpetual contracts have one technical differentiator compared to conventional futures: no expiration date. Trading positions remain open indefinitely as long as users maintain minimum margin requirements in their accounts and cover applicable funding rates.
For Coinbase, this CFTC filing marks its first batch of stock perpetual products designed specifically for the US market. The exchange previously limited such equity derivatives to overseas users. International Coinbase traders have been trading Apple and Nvidia stock perpetual contracts since March 2026.
Two Regulatory Filings at Once
Coinbase’s proposal is currently pending approval with the CFTC, while the authority classifies the product under the single-stock futures category. This new instrument filing runs parallel to Coinbase Derivatives’ legal move on September 1, 2026, when the company submitted Form 1-N to the Securities and Exchange Commission (SEC) to register as a national securities exchange.
Coinbase’s US trading infrastructure already handles perpetual contracts for crypto assets with leverage of up to 50x. Approval of this equity derivatives proposal would pave the way for high-leverage trading mechanisms directly in equity markets.
The intersection of crypto instruments and conventional regulation is becoming increasingly apparent across multiple fronts. The CFTC recently approved Bitcoin perpetual futures for prediction platform Kalshi, while Polymarket has moved to launch its own crypto perpetual futures. Through this filing, Coinbase is taking the opposite approach: packaging traditional equities into crypto-style trading mechanics.
Reported via Decrypt.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
