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Coinbase launches perpetual stock futures for traders outside the U.S.
- Coinbase has launched perpetual stock futures for traders outside the United States.
- At launch, users have access to contracts on “Magnificent Seven” stocks, as well as SPY and QQQ ETFs.
- The platform offers 24/7 trading, settlement in $USDC, and leverage up to 10x on stocks and up to 20x on ETFs.
The cryptocurrency exchange Coinbase has launched perpetual stock futures for qualified retail and institutional traders outside the United States.
This refers to synthetic access to U.S. equities via a derivatives product with round-the-clock trading. Coinbase stated that the launch is part of its strategy to develop its global derivatives business and the concept of an Everything Exchange — a platform designed to combine crypto assets, traditional assets, and new asset classes.
At launch, users can trade perpetual futures on several of the most liquid U.S. stocks. Specifically, these include Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla. In some jurisdictions, contracts on SPY and QQQ ETFs are also available.
The company noted that the new product enables trading U.S. stocks in a 24/7 format, including weekends. Maximum leverage is up to 10x for stocks and up to 20x for ETFs. Settlement is conducted in $USDC.
Coinbase representatives explained the launch by growing demand for continuous access to U.S. equities, especially in markets where such access remains limited or requires significant capital.
The company also emphasized that a significant portion of such activity is already concentrated on decentralized platforms, while Coinbase aims to bring this segment to a regulated centralized platform.
The product is already available, however Coinbase emphasized that the service is not available to U.S. citizens and may be restricted in certain regions.
It is worth recalling that earlier the U.S. Securities and Exchange Commission officially approved changes to Nasdaq rules that allow trading securities in tokenized form.
See also: "Crypto exchange Gemini cuts 30% of staff amid AI growth and $585M annual losses"
