- Coinbase has launched perpetual futures tied to major U.S. stocks and indices for non-US users, expanding beyond crypto.
- The products offer 24/7 trading with leverage and are settled in USDC using crypto derivatives infrastructure.
- The move reflects growing demand for continuous equity access and Coinbase’s push to integrate traditional and digital markets.
Coinbase is expanding its derivatives business with the launch of perpetual futures linked to US equities and major indices, targeting users outside the domestic market. The initiative introduces traditional financial exposure into its existing crypto-focused platform.
The contracts include the ‘Magnificent 7’ stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla – alongside ETF-based products tracking benchmark indices such as the S&P 500 and Nasdaq-100. Traders can apply leverage of up to 10 times on individual stocks and up to 20 times on ETF contracts.
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Product Structure and Key Features
As perpetual instruments, the contracts do not have a fixed expiry and can be traded continuously, offering 24/7 market access, including weekends. They are settled in USDC and rely on mechanisms designed to keep prices aligned with underlying assets.
Coinbase said the launch is aimed at meeting rising global demand for uninterrupted equity trading, particularly in markets where traditional access can be constrained. The company also noted that decentralised venues have been leading this segment, processing significant volumes in similar products.
The system uses Coinbase’s existing derivatives engine, incorporating risk controls and cross-margining across different positions.
The development is part of a broader effort to position Coinbase as a platform that combines crypto and traditional financial instruments within a single trading ecosystem.
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