Coinbase Files With SEC to Pursue 24/7 Trading of Perpetual Futures Tied to US Stocks

Coinbase has begun the registration process to offer 24-hour trading in the US for perpetual futures tied to stocks such as Apple and Nvidia.

The Block reported on September 4 that Faryar Shirzad, Coinbase’s chief policy officer, said the company submitted registration documents to the US Securities and Exchange Commission this week to list stock perpetual futures.

Perpetual futures are contracts with no expiration date. They allow investors to bet on gains or declines in a stock’s price without directly owning the underlying shares. Coinbase is seeking to offer the product in a regulated format in the US and support round-the-clock trading.

Shirzad said demand for stock perpetual futures has already been established in overseas markets. Coinbase hopes to provide US investors with a regulated trading channel, he added.

After the SEC process, the company will also need approval from the Commodity Futures Trading Commission. Coinbase previously launched perpetual futures tied to several stocks, including Apple, Microsoft, Nvidia and Amazon, for users outside the US in March.

The move comes as efforts grow in the US to expand perpetual futures and 24-hour trading beyond crypto to traditional assets such as stocks and crude oil. In June, the CFTC also sought public comment on crude oil perpetual futures and 24-hour trading.