Coinbase seeks to launch single-stock perpetual futures in US

VERA Brief

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

Coinbase has submitted a proposal to U.S. regulators to offer single-stock perpetual futures contracts. This move aims to expand the exchange's derivatives offerings to the American market, potentially impacting how investors trade equity derivatives.

Key facts

• Coinbase has filed with U.S. regulators to offer single-stock perpetual futures contracts.
• The proposed contracts would allow for 24-hour, five-day-a-week trading on individual U.S. equities.
• This move represents an expansion of Coinbase's derivatives trading capabilities into the U.S. market.
• The exchange is seeking to broaden its product suite for institutional and sophisticated retail investors.
• The introduction of such products could impact how investors access and trade equity derivatives.