TL,DR:
- Coinbase filed to list perpetual futures linked to roughly 50 to 60 major U.S. stocks, including Apple, Microsoft, Tesla and Nvidia.
- The contracts would trade 24/5, carry no fixed expiration date and provide leveraged price exposure to customers without ownership, dividends or shareholder rights.
- Regulatory approval remains required before launch, while contract specifications, leverage limits and the initial lineup of available stocks have not been fully disclosed yet.
Coinbase is pushing deeper into finance by seeking U.S. regulatory approval for perpetual futures tied to roughly 50 to 60 large-cap stocks. The filing targets names including Apple, Microsoft, Tesla and Nvidia, with trading expected to run 24 hours a day from Monday through Friday. The proposal would bring crypto-style perpetual contracts to individual U.S. equities without giving traders ownership of the underlying shares. Coinbase plans to launch the products later this year if regulators approve them, marking another attempt to move derivatives structures popularized in crypto into U.S. markets.
Single stock perps are coming to America.
Coinbase has filed to list the first set of single stock perpetual futures in the US.
Building on the progress of our live US perps market, we’re working to bring liquid, 24/5 exposure to individual stocks in the US for the first time. pic.twitter.com/NPm14LK3UR
— Coinbase 🛡️ (@coinbase) September 18, 2026
Perpetual Futures Push Further Into U.S. Equities
The proposed contracts would have no fixed expiration date, allowing traders to maintain positions as long as they satisfy margin requirements and any applicable funding obligations. Unlike buying stock, holding a single-stock perpetual would provide price exposure without shareholder rights, dividends or direct ownership. Recurring funding payments would help keep contract prices aligned with the referenced equities. Leverage would also be available, potentially magnifying both gains and losses, while insufficient collateral could trigger liquidation. The structure extends the mechanics of perpetual futures beyond digital assets and into some of the most traded companies in U.S. markets.
Coinbase is also proposing a 24/5 trading schedule, extending access beyond the standard U.S. equity session. That longer window could create new opportunities for traders while introducing additional pricing and liquidity considerations when underlying shares are not actively trading. Contract design, reference pricing and funding mechanisms would therefore play an important role in keeping the derivatives aligned with their stocks. Coinbase has not yet disclosed full specifications for the contracts, including leverage limits, and the company has not confirmed which proposed names would become available first once the regulatory process is completed.
The filing would expand Coinbase’s regulated derivatives business from crypto-linked products into contracts tracking individual public companies. Approval would place single-stock perpetuals inside a domestic regulated venue rather than limiting U.S. traders to offshore or onchain alternatives. Coinbase says it is the first company to file with the Commodity Futures Trading Commission to list U.S. single-stock perps. The products remain subject to regulatory clearance, meaning no contracts are available yet. If approved, the initiative would further blur the boundary between crypto market structure and traditional equities without changing ownership records at the companies themselves.
