Coinbase Files With CFTC to Launch US Single-Stock Perpetual Futures
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· body · New information from a source
Coinbase has filed with the CFTC to launch perpetual futures contracts on single US stocks, which would trade 24/5 on Coinbase Derivatives using hourly funding and clearing through Nodal Clear.The application is awaiting regulatory approval.- Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) seeking approval to list perpetual futures contracts tied to individual US stocks, according to The Defiant and Cointelegraph.
- Under the proposal, the contracts would trade around the clock five days a week on Coinbase Derivatives, the exchange's regulated futures arm, according to The Defiant.
- The products would use hourly funding payments, a mechanism common in crypto perpetual swaps that periodically transfers payments between long and short positions to keep contract prices tethered to the underlying asset, according to The Defiant.
- Clearing for the contracts would run through Nodal Clear, according to The Defiant.
- Cointelegraph reported that Coinbase's filing is aimed at bringing 24/5 perpetual futures trading on single stocks to the US market, a structure more typically associated with crypto derivatives than traditional equities trading.
- Both outlets reported that the filing remains pending before the CFTC, with no indication yet of when or whether the regulator will act on it.
· summary · New information from a source
Coinbase filed for regulatory approval to offer 24/5 perpetual futures tied to individual US stocks through its derivatives platform.- Coinbase has asked the CFTC to approve perpetual futures on individual US stocks, with contracts set to trade 24/5 and use hourly funding if cleared.
· headline · New information from a source
Coinbase Files With CFTC to Launch Single-Stock Perpetual Futures for US Traders- Coinbase Files With CFTC to Launch US Single-Stock Perpetual Futures
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) seeking approval to list perpetual futures contracts tied to individual US stocks, according to The Defiant and Cointelegraph.
Under the proposal, the contracts would trade around the clock five days a week on Coinbase Derivatives, the exchange’s regulated futures arm, according to The Defiant. The products would use hourly funding payments, a mechanism common in crypto perpetual swaps that periodically transfers payments between long and short positions to keep contract prices tethered to the underlying asset, according to The Defiant.
Clearing for the contracts would run through Nodal Clear, according to The Defiant. Cointelegraph reported that Coinbase’s filing is aimed at bringing 24/5 perpetual futures trading on single stocks to the US market, a structure more typically associated with crypto derivatives than traditional equities trading.
Both outlets reported that the filing remains pending before the CFTC, with no indication yet of when or whether the regulator will act on it.
Sources: The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashCoinbase Files With CFTC to Launch Single-Stock Perpetual Futures for US Tradersfirst reported · 2 sourcesthedefiant.io · cointelegraph.com
- storyCoinbase Files With CFTC to Launch US Single-Stock Perpetual Futuresupdate · 2 sourcesthedefiant.io · cointelegraph.com
Coinbase US Commodity Futures Trading Commission
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