Coinbase files to list first single stock perpetual futures in US
Summary
Coinbase has filed to list the first set of single stock perpetual futures in the United States, expanding its existing live US perpetual futures market. This development marks a significant step as it aims to provide liquid, 24/5 exposure to individual stocks for the first time in the US. Coinbase Derivatives, LLC, the entity behind the filing, operates as a Designated Contract Market registered with the Commodity Futures Trading Commission, ensuring compliance in futures trading in the country.
Analysis
Coinbase: Coinbase is a major cryptocurrency exchange and financial technology company that provides trading, custody, and derivatives services. It operates a live US perpetual futures market and has filed to expand offerings through single stock perpetual futures. This development directly supports the company's effort to bring 24/5 liquid exposure to individual US stocks for the first time. Coinbase Derivatives, LLC: Coinbase Derivatives, LLC serves as the regulated entity handling futures products for Coinbase and is registered as a Designated Contract Market with the Commodity Futures Trading Commission. It underpins the platform's ability to list and clear perpetual futures contracts in compliance with US rules. The subsidiary is specifically referenced in the filing to introduce single stock perpetual futures. Product Expansion: The filing builds directly on Coinbase's existing live US perps market to introduce single stock perpetual futures. Regulatory Status: Coinbase Derivatives, LLC operates as a CFTC-registered Designated Contract Market, enabling compliant futures trading in the US.
Categories
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