Coinbase Seeks CFTC OK for Single-Stock Perps

Coinbase has filed with the Commodity Futures Trading Commission to list single-stock perpetual contracts tied to Apple, Tesla and Nvidia, according to the company’s latest move into regulated derivatives.

The proposed products would give U.S. traders 24/5 leveraged exposure to individual equities without requiring share ownership. If approved, the contracts would bring a crypto-market structure more commonly associated with perpetual futures into the U.S. stock-linked derivatives market.

The filing comes as Coinbase continues to push beyond spot crypto trading and into adjacent markets where demand for leveraged exposure remains strong. It also arrives amid a broader regulatory backdrop in which the CFTC has been weighing how far it can extend oversight over innovative derivatives products.

For Coinbase, the proposal could deepen its institutional and retail derivatives offering while diversifying revenue beyond transaction fees. For the market, it would mark another step in the convergence of crypto-native trading mechanics and traditional financial assets.

The filing does not guarantee approval. Any launch would depend on CFTC review and the final structure of the contracts, including margin, settlement and trading-hour rules.