Coinbase Expands Derivatives Offerings with Stock Perpetual Futures

Coinbase has expanded its derivatives offerings with the introduction of stock perpetual futures. This new product enables traders to access major US equities through a crypto-native structure, positioning the platform closer to its goal of building an 'everything exchange'. The rollout targets eligible users outside the United States.

The stock perpetual futures allow traders to gain leveraged exposure to leading US stocks without owning the underlying shares. This includes popular names such as Apple, Tesla, Nvidia, and Microsoft. Additionally, the system enables access to ETF perpetual futures linked to major indices like the SPY and QQQ.

Coinbase offers leverage of up to 10x on single stocks and up to 20x on ETF perpetuals. The platform also provides cross-margining across both spot and derivatives markets, improving capital efficiency for active traders. This design allows users to manage multiple positions using shared collateral, providing more flexibility when adjusting exposure across different assets.

The product operates on Coinbase's existing perpetual futures infrastructure, benefiting from established risk management systems and liquidity frameworks. This consistency strengthens reliability and supports both retail and institutional participation. The expansion of derivatives offerings beyond crypto brings traditional financial instruments into a centralized, regulated environment.