Coinbase Seeks CFTC Approval to Offer 24/7 Single-Stock Perpetual Futures to US Users

Coinbase Derivatives and Coinbase Financial Markets filed Form 1-N and Form BD-N with the SEC on September 1 to launch single-stock perpetual futures in the United States. Coinbase Chief Policy Officer Faryar Shirzad stated that the product still requires approval from the CFTC. The filings involve registration as a security futures exchange and a limited-purpose security futures broker. While Coinbase has offered 10x perpetual futures on stocks like Apple, NVIDIA, and Tesla to non-US users since March 20, using USDC for settlement, US users were previously