Coinbase files with CFTC to launch perpetual contracts on Apple, Tesla, Nvidia stocks
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Coinbase (COIN.US) Derivatives has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to list single-stock perpetual contracts on major U.S. technology stocks, including Apple (AAPL.US), Tesla (TSLA.US), Nvidia (NVDA.US), and Microsoft (MSFT.US). Perpetual contracts, which have no expiry date and allow indefinite holding subject to margin requirements, are popular in cryptocurrency markets. If approved, Coinbase plans to launch 50 to 60 such contracts later this year, offering U.S. investors leveraged exposure without owning the underlying stocks. The move expands Coinbase's domestic derivatives business, as it is already the first U.S. platform authorized to offer regulated crypto perpetual contracts with up to 50x leverage. The CFTC has also approved Kalshi's Bitcoin perpetual contract, and Polymarket is developing similar products. The application is pending CFTC authorization, and specific contract specifications and leverage limits have not been finalized. The article notes that these contracts track price movements only and do not confer shareholder rights or dividends.
Source report
According to Woofun AI news, Coinbase (COIN.US) Derivatives has formally submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to list single-stock perpetual contracts, aiming to introduce popular crypto-market instruments to the traditional U.S. stock market. The application is currently pending regulatory approval, with the core objective of offering U.S. investors leveraged investment opportunities without requiring them to hold the underlying stocks.
Key Features of Perpetual Contracts
Perpetual contracts are derivatives with no expiration date, allowing investors to maintain positions indefinitely as long as margin and capital requirements are met. If approved, Coinbase plans to launch approximately 50 to 60 such contracts later this year. The initial targets include major technology companies such as:
- Apple (AAPL.US)
- Tesla (TSLA.US)
- Nvidia (NVDA.US)
- Microsoft (MSFT.US)
Expansion of Coinbase's Derivatives Business
According to data compiled by Woofun AI, this initiative marks a rapid expansion of Coinbase's domestic derivatives operations. The company has become the first U.S. platform authorized to offer regulated cryptocurrency perpetual contracts and has already launched products with up to 50x leverage.
Competitive Landscape
The industry competition is accelerating:
- In March, Coinbase opened its stock perpetual contract service to qualified non-U.S. investors.
- The CFTC has approved Kalshi’s Bitcoin perpetual contract business, which has since expanded into commodities such as copper.
- Polymarket is also developing cryptocurrency perpetual contract products and is competing for access to the U.S. market.
Important Clarifications
Single-stock perpetual contracts track price movements only and do not include shareholder rights, dividend earnings, or ownership stakes. At present, specific contract specifications and leverage limits have not been fully disclosed. Trading will only commence following final authorization from the CFTC. This development represents a significant test of regulatory boundaries for traditional single-stock derivatives in the context of crypto assets.
Source
证券之星-滚动新闻Neutral / independent