Coinbase Files for Single-Stock Perpetual Futures

Coinbase submitted a proposal to the CFTC to launch 24/5 leveraged perpetual futures trading for individual US stocks like Apple, Tesla, and Nvidia.

The top 3

1. Exposure Without Asset Ownership: The proposed contracts allow traders to gain leveraged long or short exposure to underlying stocks without needing to purchase the actual equity.
2. 24/5 Trading Schedule: Trading is designed to operate 24 hours a day for five days a week, bridging traditional stock market hours with crypto-style continuous access.
3. Regulatory Oversight Requirements: The move requires approval from the Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market for these specific instruments.

Sources

• Coinbase Derivatives Exchange

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