Coinbase files with CFTC to launch single-stock perpetual futures on Apple, Tesla, and Nvidia for US traders.
DeFi & Yields ·
Coinbase has filed with the U.S. Commodity Futures Trading Commission to launch perpetual futures contracts on individual stocks, initially targeting Apple, Tesla, and Nvidia. The proposed contracts would grant US traders 24/5 leveraged exposure to these equities without requiring ownership of the underlying shares.
Single-stock perpetual futures operate as derivative instruments, allowing traders to take both long and short positions with leverage across extended trading hours. The structure mirrors crypto perpetual contracts adapted to traditional equity markets, potentially expanding the product offerings available on regulated crypto exchanges operating in the US.
Regulatory approval from the CFTC remains pending. The filing represents a testing ground for how derivatives on individual stocks might be offered through crypto platforms, though questions remain about the full scope of eligible stocks, margin requirements, and the timeline for potential launch.