Coinbase Files for U.S. Stock Perpetual Futures with CFTC, Targeting Apple, Tesla, Nvidia
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Coinbase Derivatives has filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures contracts on major U.S. equities, including Apple, Tesla, Nvidia, and Microsoft. Perpetual futures are derivatives without expiration dates, allowing indefinite positions as long as margin and funding requirements are met. If approved, Coinbase plans to launch approximately 50 to 60 such contracts later this year, targeting U.S. investors seeking leveraged exposure without holding the underlying stocks. The move follows Coinbase's earlier authorization as the first U.S. platform for regulated cryptocurrency perpetual futures with up to 50x leverage. The CFTC has also approved Kalshi's Bitcoin perpetual futures, and Polymarket is developing similar products, indicating a rapidly evolving competitive landscape. Specific contract specifications and leverage limits remain undefined, and trading awaits final CFTC authorization, marking a significant test of regulatory boundaries for traditional equity derivatives.
Source report
According to Woofun AI, Coinbase (COIN.US) Derivatives has officially filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures contracts. The move aims to introduce a popular tool from the crypto sector into traditional U.S. equity markets.
The application is currently pending authorization, with the core objective of providing U.S. investors with leveraged investment opportunities without requiring them to hold the underlying stocks.
Key Details
- Product Type: Perpetual futures — derivatives without expiration dates, allowing investors to hold positions indefinitely as long as margin and funding requirements are met.
- Planned Launch: If approved, Coinbase plans to introduce approximately 50 to 60 such contracts later this year.
- Initial Underlyings: Tech giants including Apple (AAPL.US), Tesla (TSLA.US), Nvidia (NVDA.US), and Microsoft (MSFT.US).
Expansion of Derivatives Business
Data compiled by Woofun AI indicates that this move marks rapid expansion in Coinbase's domestic derivatives business. Previously, the company became the first U.S. platform authorized to offer regulated cryptocurrency perpetual futures and has launched products with leverage up to 50 times.
Competitive Landscape
The industry competitive landscape is evolving rapidly:
- As early as March, Coinbase opened stock perpetual futures services to eligible non-U.S. investors.
- The CFTC has approved Kalshi's Bitcoin perpetual futures business, which subsequently expanded into commodities such as copper.
- Polymarket is also developing cryptocurrency perpetual futures products.
- Multiple parties are competing for access to the U.S. market.
Important Clarifications
- Single-stock perpetual futures only track price movements and do not include shareholder rights, dividend yields, or ownership.
- Specific contract specifications and leverage limits have not yet been fully defined.
- Trading commencement still awaits final authorization from the CFTC.
This represents a significant test of regulatory boundaries for traditional individual stock derivatives following those for crypto assets.
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