Coinbase files with the CFTC to launch U.S. cash-settled perpetual futures on individual stocks and ETFs, marking a major expansion into regulated equity derivatives.
DeFi & Yields ·
Coinbase Derivatives has submitted a filing with the CFTC seeking approval to offer cash-settled perpetual futures on individual U.S. stocks and exchange-traded funds. The filing uses Apple as a representative contract and targets the U.S. regulated market. Coinbase currently provides such equity perpetual futures to non-U.S. users; the new application would extend this product class domestically under regulatory oversight.
The contracts would operate under joint CFTC and SEC jurisdiction as security futures products. Launch timing depends on CFTC approval and completion of any additional regulatory requirements. The move represents an effort to bring derivatives products Coinbase already operates internationally into the U.S. compliance framework.
It remains unclear whether the CFTC and SEC will approve the filing, at what timeline, or whether additional conditions will be imposed. The breadth of stocks and ETFs eligible under the program, as well as specific leverage caps or position limits, have not been disclosed.