Coinbase Expands Derivatives Offering with Perpetual Stock Futures

Coinbase, a leading cryptocurrency exchange, has expanded its derivatives offering into US equities with the launch of perpetual stock futures for eligible non-US retail and institutional traders. This new product enables users to take continuous exposure to major US technology companies and exchange-traded funds, providing increased flexibility and 24/7 access to equity markets.

The perpetual futures contracts allow traders to take leveraged positions on a group of major US technology companies, commonly referred to as the Magnificent 7. These include Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. Additionally, Coinbase is offering perpetual futures tied to exchange-traded funds such as the S&P 500 and Nasdaq-100.

The move is part of Coinbase's strategy to expand its global derivatives business and diversify its product offerings. The company aims to bring activity that was previously concentrated on decentralized platforms into a more regulated environment, using the same risk engine that powers its crypto derivatives markets. This enables cross-margining across perpetual futures and spot positions, allowing traders to manage collateral more efficiently.