Coinbase Files for CFTC Approval of Single-Stock Perpetual Futures on Major US Equities
What happened
Coinbase Financial Markets filed with the CFTC to introduce single-stock perpetual futures for major US equities.
The Context
- Regulatory Expansion: This filing marks Coinbase's effort to extend its derivatives offerings beyond crypto, targeting equities like Apple, Tesla, and Nvidia.
- Market Demand: Perpetual futures have gained traction in offshore markets, and Coinbase aims to meet the growing demand for equity exposure in the US.
- Approval Process: The filing is currently under a 45-day review by the CFTC, with no trading live yet.
The Number
This is the planned number of single-stock perpetual futures contracts, indicating a significant expansion in trading options for professionals.
Takeaway
If approved, these products could enhance your trading strategies and increase competition in the equity derivatives market.
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