Crypto News: Coinbase Launches Stock Perpetual Futures for Global Traders

Key Insights:

• Crypto News: Coinbase’s perpetual stock futures give eligible non-U.S. traders 24/7 leveraged access to top U.S. equities and ETFs on one venue.
• Coinbase blends crypto-style market access with institutional-grade controls, with up to 10x leverage on stocks and 20x on ETFs.
• Settled in USDC and available on Advanced, APIs, and International Exchange, stock perps deepen Coinbase’s global derivatives push.

Coinbase has launched stock perpetual futures for eligible traders outside the United States. The product gives synthetic exposure to major U.S. equities through a regulated centralized platform. Trading runs 24 hours a day, seven days a week. The launch adds stock-linked contracts to Coinbase’s global derivatives business. It also supports the company’s plan to consolidate crypto and traditional assets into a single venue.

The contracts are designed for traders who want access beyond regular U.S. market hours. Traditional stock markets operate on a fixed weekly schedule. However, global events often move sentiment at any time. This demand has grown in regions where direct access to U.S. stocks can be expensive or limited. Therefore, the exchange is offering a product that mirrors round-the-clock trading already seen on crypto platforms.

Coinbase Launch includes Magnificent 7 stocks

The available lineup at launch includes the so-called Magnificent 7 stocks. These are Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla. Coinbase has focused on liquid names with broad global recognition. In some jurisdictions, the exchange is also offering ETF perpetual futures tied to SPY and QQQ. That gives traders access to broad market exposure as well as single-company contracts.

The product does not give ownership of the underlying shares but offers synthetic price exposure through perpetual futures. These contracts do not expire, which allows continuous trading. Additionally, more instruments may be added over time based on demand, including equities, indices, commodities, and other globally traded assets.

Crypto News: Leverage and Cross-Margin Features

Traders can leverage their positions up to 10x on single-stock perpetual futures and 20x on ETF perpetual futures, subject to regulatory approval. This structure keeps the product aligned with the exchange’s existing derivatives setup. It also allows users to move collateral within a digital asset environment.

In addition, Coinbase is offering cross-margining across perpetual futures and spot positions. Retail users can access the product through Coinbase Advanced and supported APIs. Institutional participants can trade through Coinbase International Exchange. The same futures engine and risk framework used in its crypto derivatives business powers the new contracts. That includes controls intended for continuous trading conditions. All contracts are settled in USDC through crypto rails.

Coinbase Expands its Global Derivatives

The launch comes as exchanges race to offer around-the-clock access to traditional assets. Much of that demand has been visible on decentralized venues. Some of those platforms have recorded strong volume in markets tied to synthetic exposure. Coinbase is now moving that activity into a centralized and regulated setting. The company said institutional-grade risk management is part of the offering for both retail and professional traders.

The rollout also arrives as more firms test 24/7 models for traditional markets. Reports around the launch noted that Hyperliquid has also offered nonstop access to traditional asset exposure. In addition, CME is expected to launch 24/7 futures trading on May 29. Against that backdrop, Coinbase is using stock perpetual futures to deepen its global derivatives reach. The service is not available to U.S. persons, and access may be limited in some jurisdictions.

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