Coinbase Seeks SEC Approval for Single-Stock Perpetuals in the US

Coinbase has submitted two notice registrations to the U.S. Securities and Exchange Commission (SEC) aiming to offer single-stock perpetual contracts within the United States. This move would extend Coinbase's existing domestic derivatives offerings, which currently include thematic stock indexes, to encompass individual stocks. The company has indicated that approval from the Commodity Futures Trading Commission (CFTC) remains its next step for product expansion. Currently, U.S. users can trade Coinbase's derivatives products based on stock indexes, but the proposed filings suggest a shift towards more granular, stock-specific derivatives. This development highlights Coinbase's ongoing efforts to diversify its derivatives portfolio and adapt to evolving regulatory and market conditions.