Coinbase files for single-stock perpetual futures on major tech companies

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to offer single-stock perpetual futures contracts. These contracts would allow U.S. traders leveraged exposure to stocks like Apple, Tesla, and Nvidia, expanding derivative offerings.

Key facts

• Coinbase has filed with the CFTC for approval to offer single-stock perpetual futures contracts.
• These contracts would provide U.S. traders with leveraged exposure to individual stocks.
• The proposed contracts would not involve direct ownership of the underlying securities.
• This move expands derivative offerings within Coinbase's platform.
• The CFTC's review will determine the availability of these products to U.S. customers.