Coinbase shares climbed 8.16% after the exchange filed to offer 24/7 perpetual futures on major U.S. equities, signaling a major push into regulated derivatives for retail and institutional traders.
Coinbase filed for SEC approval to list stock perpetual futures and its shares rose 8.16% today.
The article notes Coinbase launched regulated crypto futures for Bitcoin in Canada and the CFTC approved a bitcoin perpetual contract.
Ether was mentioned among the crypto futures Coinbase launched for eligible Canadian traders.
Solana was mentioned among the crypto futures Coinbase launched for eligible Canadian traders.
Apple was named as a large-cap stock that could underlie Coinbase's proposed 24/7 perpetual futures.
Microsoft was named as a large-cap stock that could underlie Coinbase's proposed 24/7 perpetual futures.
Tesla was named as a large-cap stock that could underlie Coinbase's proposed 24/7 perpetual futures.
Nvidia was named as a large-cap stock that could underlie Coinbase's proposed 24/7 perpetual futures.
Coinbase offers futures tied to the COIN50 index alongside its crypto and commodity derivatives.
Gold futures were mentioned as part of Coinbase's Canadian-regulated derivatives launch.
Silver futures were mentioned as part of Coinbase's Canadian-regulated derivatives launch.
Oil futures were mentioned as part of Coinbase's Canadian-regulated derivatives launch.
Coinbase Global has filed for SEC approval to list perpetual futures tied to major U.S. stocks, including Apple, Microsoft, and Nvidia. The move aims to bring 24/7 leveraged trading to a regulated U.S. platform, following the exchange's recent expansion of crypto and commodity derivatives in Canada.
Perpetual futures are derivative contracts that do not have an expiration date, allowing traders to maintain positions indefinitely while using leverage.
Coinbase aims to bring 24/7 leveraged trading of major U.S. stocks to a regulated environment, competing with offshore platforms that currently offer similar products.