Coinbase Files with CFTC to Launch Perpetual Futures on US Stocks, Targeting Apple, Microsoft and Others
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Coinbase (COIN.US) has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to expand its crypto-native perpetual contract model to the U.S. individual stock market, targeting single stock perpetual contract futures. The application, filed by Coinbase Derivatives on Friday, seeks regulatory authorization for 24/7 trading without holding underlying shares. Unlike traditional futures, perpetual contracts have no expiration date and are currently classified by the CFTC as single stock futures, pending approval. Coinbase plans to list 50 to 60 stocks, including Apple (AAPL.US), Microsoft (MSFT.US), Tesla (TSLA.US), and Nvidia (NVDA.US). On the compliance front, Coinbase Derivatives filed a Form 1-N with the SEC on September 1 to register as a national securities exchange for securities futures products. Coinbase already offers similar perpetual contracts tracking major U.S. stocks and indices to qualified traders outside the U.S., and is actively promoting global expansion, though U.S. residents are temporarily unable to use the service.
Source report
According to Woofun AI news, Coinbase (COIN.US) has officially submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) in an effort to expand its crypto-native perpetual contract derivatives model into the U.S. individual stock market. The core focus is on single-stock perpetual contract futures.
Regulatory Filing
The application, filed by Coinbase Derivatives on Friday, seeks regulatory authorization to allow traders to trade around the clock without holding the underlying shares. Unlike traditional futures contracts, perpetual contracts have no expiration date. They are currently classified by the CFTC as single-stock futures, pending regulatory approval.
Product Scope
Data compiled by Woofun AI indicates that the product plans to extend its application from cryptocurrency assets to traditional equity assets, building on the existing U.S. perpetual contract futures market.
Coinbase (COIN.US) intends to list 50 to 60 stocks, including major companies such as:
- Apple (AAPL.US)
- Microsoft (MSFT.US)
- Tesla (TSLA.US)
- Nvidia (NVDA.US)
Compliance Efforts
On the compliance front, Coinbase Derivatives filed a Form 1-N with the U.S. Securities and Exchange Commission (SEC) on September 1, applying to register as a national securities exchange in order to offer securities futures products.
Global Expansion
Coinbase (COIN.US) already offers services to qualified traders outside the United States, having launched perpetual contracts tracking major U.S. stocks and indices in March. Although U.S. residents are currently unable to access these services, the company is actively working to expand its offerings to more regions and accelerate its globalization efforts.
Source
证券之星-滚动新闻Neutral / independent
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Coinbase files with CFTC to list perpetual futures on Apple, Tesla, Nvidia, and Microsoft