Coinbase to Launch Perpetual Futures for AI Infrastructure Stocks

Coinbase has announced its plans to introduce perpetual futures contracts for four stocks tied to artificial intelligence infrastructure. The selected companies include Taiwan Semiconductor Manufacturing Company (TSM), Cerebras Systems, Nebius Group, and Bloom Energy.

The perpetual futures contracts will allow traders to speculate on the price of these stocks without an expiration date. Unlike traditional futures, they use a funding rate mechanism to keep the contract price aligned with the spot market.

The inclusion of TSMC, one of the world's largest contract chipmakers, signals Coinbase's strategic push into mainstream AI infrastructure plays. The exchange has previously listed perpetual futures for select crypto-related equities but this marks its first foray into stock-linked derivatives in traditional equity markets.