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Coinbase Files With SEC to Bring Single-Stock Perpetual Futures to US Investors
The move would extend Coinbase’s existing crypto perpetual futures business in the United States into individual equities.
ByWayne Jones
Coinbase said this week it filed notice registrations with the US Securities and Exchange Commission (SEC) to offer single-stock perpetual futures domestically, according to a post from the company’s official account.
The move adds another regulated derivatives product to Coinbase’s US lineup and comes as regulators continue sorting out how perpetual contracts should be classified under American law.
Coinbase Files for US Single-Stock Perps
“We’re working to bring single stock perps to the US,” Coinbase wrote, adding that it plans to work with both the SEC and the CFTC to bring more major financial products onshore.
The company shared images of two filings, both submitted on September 1. The first is a Form 1-N from Coinbase Derivatives, LLC, the entity through which the exchange already offers other futures products. The second is a Form BD-N from Coinbase Financial Markets, Inc., registering as a security futures product broker-dealer under Section 15(b)(11) of the Securities Exchange Act of 1934.
Neither filing guarantees the product launches on any set timeline. Notice registrations open the door for a broker or exchange to offer a given product, while approval and any conditions attached to it still rest with regulators.
The filing also comes alongside a broader push into tokenized products, with Coinbase launching tokenized stock trading for customers outside the US in August, alongside options trading and real-world-asset perpetual futures tied to equity indices.
It also rolled out pre-IPO perpetual futures starting with SpaceX, with Anthropic and OpenAI contracts expected to follow, a corner of the market that grew more than tenfold in volume since May, to around $12 billion
Source: cryptopotato.com