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      Coinbase Requests CFTC Approval for Single-Stock Perpetual Futures in the U.S.

      Coinbase Derivatives has submitted a request to the Commodity Futures Trading Commission (CFTC) for approval of a new suite of cash-settled perpetual futures linked to individual U.S.-listed stocks and exchange-traded funds (ETFs). This move expands Coinbase's offerings from equity indexes to single securities, although U.S. customers are currently unable to trade these proposed contracts.

      The CFTC's docket lists Coinbase's product as 'Approval Pending (45),' and the submission made on September 18 indicates that the exchange plans to launch the contracts soon after receiving the necessary regulatory approvals. The proposed products are classified as security futures, which places them under the joint regulatory oversight of the CFTC and the Securities and Exchange Commission (SEC). Coinbase Derivatives is recognized as a CFTC-designated contract market and is registered with the SEC as a national securities exchange for trading security futures products.

      Coinbase aims to offer approximately 50 to 60 contracts, including those for major companies like Apple, Microsoft, Tesla, and Nvidia, with a potential launch later this year pending regulatory approval. Each contract would be settled in cash rather than shares and would not have a fixed expiration date. Trading is proposed to occur from 8 p.m. ET Sunday through 5 p.m. ET Friday, utilizing a Coinbase-calculated index to track the referenced securities across various trading sessions. The contracts would be centrally cleared by Nodal Clear, and an hourly funding payment mechanism would help align futures prices with the underlying stock or ETF prices.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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