Coinbase files to offer single-stock perpetual futures on Apple, Tesla, Nvidia
DeFi & Yields ·
Coinbase has submitted a filing with the CFTC seeking to launch perpetual futures contracts tied to individual U.S. equities, a product that has not previously been available to American traders.
The filing names Apple, Tesla, and Nvidia as the initial equities the contracts would track, according to Decrypt. Perpetual futures are derivatives with no expiration date, allowing traders to hold leveraged, cash-settled exposure to an underlying asset indefinitely rather than rolling positions at set intervals as with traditional futures contracts. Bringing this structure to single stocks would mark a departure from existing U.S. equity-derivatives markets, where such perpetual products have not been offered domestically.
The move extends Coinbase's push into derivatives beyond crypto assets and follows a broader pattern of regulatory engagement the company has pursued to widen its product suite. Coinbase confirmed the filing through its own channels, describing it as a step toward listing the first single-stock perpetual futures product in the U.S., as noted in its post on X.
The filing sits alongside other recent regulatory and market moves cataloged in coverage of the company, including its securing of an AFSL license from Australia's securities regulator that unlocks retail crypto derivatives and perpetual contracts in that market, and its acquisition of Hyperliquid's USDH deployer, Native Markets, tied to a shift of USDH into USDC, both detailed in background material on Coinbase. Together these developments point to a company simultaneously broadening its derivatives licensing footprint across jurisdictions and consolidating stablecoin infrastructure it touches.
What remains unresolved is whether and when the CFTC will approve the filing, and what margin, leverage, and settlement terms would apply if the product is authorized. Also unclear is whether additional equities beyond Apple, Tesla, and Nvidia would be added to the initial offering, and how the product would be positioned relative to existing derivatives markets. Traders and market participants are likely to watch for a CFTC response and for any parallel filings from other U.S. exchanges seeking to offer similar single-stock perpetual products.