Coinbase Derivatives seeks to launch single-stock perpetual futures for US equities

Coinbase Derivatives has filed an application with the CFTC to launch cash-settled perpetual futures for major US stocks, including Apple (AAPL) and Nvidia (NVDA), aiming to bring crypto-native leverage tools to US retail investors within a regulated framework. Kalshi is also pursuing a similar path, seeking to offer perpetual derivatives for large-cap stocks. These moves represent a significant shift in financial markets, as regulated exchanges attempt to bridge the gap between traditional equity speculation and crypto-native trading structures.