Coinbase files to launch single-stock perpetual futures for US traders

Coinbase has submitted an application to the CFTC to launch single-stock perpetual futures in the U.S., allowing traders to go long or short on approximately 50 to 60 major stocks, including Apple, Tesla, and Nvidia, without holding the underlying assets. The product, which would operate 24/5, aims to bring the perpetual futures model—already popular in crypto—to the traditional stock market. Coinbase previously launched similar products for international markets in March. To proceed, the exchange must secure approval from both the CFTC and the SEC, having already filed for registration as a national securities exchange with the SEC in September.