TLDR

Coinbase launched stock perpetual futures for non-U.S. retail and institutional traders
Contracts cover the Magnificent 7 stocks plus SPY and QQQ ETF products
Trades run 24/7, are cash-settled in USDC, with up to 10x leverage on stocks and 20x on ETFs
The product runs on the same risk engine as Coinbase’s existing crypto derivatives
The move is part of Coinbase’s “Everything Exchange” strategy to blend crypto and traditional markets

Coinbase (COIN) has launched perpetual stock futures for non-U.S. traders, letting them take leveraged positions on major U.S. equities around the clock.

Coinbase Global, Inc., COIN

The product covers the so-called Magnificent 7 — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. Traders in eligible jurisdictions can also access futures tied to SPY and QQQ, the ETFs that track the S&P 500 and Nasdaq 100.

Unlike standard futures, perpetual contracts have no expiry date. That means positions can stay open indefinitely, as long as margin requirements are met.

Contracts are cash-settled in USDC, the dollar-pegged stablecoin issued by Circle Internet (CRCL). No actual stock changes hands.

Leverage goes up to 10x on single-stock contracts. ETF products can go up to 20x.

The service is available through Coinbase Bermuda, regulated by the Bermuda Monetary Authority. It’s accessible via Coinbase’s advanced trading tools, APIs, and its international exchange.

What’s Driving Demand

Coinbase says demand for round-the-clock equity exposure has grown rapidly — and until now, most of that activity was happening on decentralized platforms.

The biggest of those is Hyperliquid, which launched S&P 500 perpetual futures earlier this week. Hyperliquid has also seen strong interest in oil-linked contracts as conflict continues in the Middle East.

By bringing this product into a regulated, centralized platform, Coinbase is positioning itself as a more institutional-grade alternative to decentralized venues.

Inside the Product

The product uses the same risk engine that powers Coinbase’s crypto derivatives markets. Cross-margining across perpetual futures and spot positions is supported.

That means traders can use existing collateral across both crypto and stock futures without needing separate accounts or margin pools.

For institutions, that’s a meaningful feature — it simplifies risk management across asset classes in one place.

The launch also aligns with Coinbase’s broader push to become what it calls the “Everything Exchange” — a single platform for crypto, traditional assets, and new financial instruments.

Coinbase has been steadily building toward this. Earlier in 2026, it expanded regulated crypto futures trading into 26 European countries through a MiFID-regulated entity.

The stock futures product is currently restricted to non-U.S. users. No timeline has been given for a U.S. launch, likely due to regulatory constraints around derivatives in the domestic market.

The post Coinbase (COIN) Stock Launches Perpetual Futures on Apple, Tesla and Nvidia for Global Traders appeared first on CoinCentral.

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Filed under: News - @ March 20, 2026 1:29 pm