Coinbase Derivatives has officially submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch single-stock perpetual futures products. Unlike traditional futures contracts, these new derivatives are designed without an expiration date and will track individual prices of more than 50 major stocks, including names like Apple, Microsoft, Tesla, and Nvidia.
Traders will be able to trade these select stock contracts 24 hours a day, five days a week (24/5). This operating schedule extends well beyond traditional Wall Street trading hours. Because the contracts follow a perpetual format without an endpoint, there is no expiration date for traders.
A position can be held indefinitely under one strict condition: traders must maintain sufficient margin levels and regularly pay the prevailing market funding rate. Coinbase also confirmed that leverage will be available, enabling investors to open trading positions worth more than their initial cash capital.
Different Ownership Status
Buying and holding Coinbase stock perps does not make traders legal owners of the underlying company shares. Holders of these derivative contracts will not have voting rights at shareholder meetings, will not receive dividend payouts, and will not be entitled to other legal benefits typically enjoyed by conventional shareholders.
Coinbase has already been offering stock perps for Apple, Nvidia, and other major indices to non-U.S. users since March 2026. Through this new CFTC filing, the crypto exchange is aiming to bring similar products directly to traders in its home market.
Regulatory Race for Approval
The submission to the CFTC complements Coinbase’s previous legal maneuvers. On Sept. 1, the Coinbase Derivatives division submitted Form 1-N to the U.S. Securities and Exchange Commission (SEC) to register the entity as a national securities exchange.
Coinbase is not alone in its push to bring traditional assets into this trading format. Kalshi, a platform previously known as a prediction market, has also submitted an identical application to the CFTC.
Whether these hybrid derivative instruments get approved now rests entirely on decisions by Washington regulators. If approved, the dividing line between slow-paced traditional stock exchanges and the speed of crypto market transactions will blur even further.
Reported via Cointelegraph.
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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.
