Coinbase has launched stock perpetual futures contracts for non-U.S. customers, enabling them to leverage positions on major U.S. stocks and ETFs. These contracts, which trade 24/7 and are cash-settled in USDC, allow for up to 10-times leverage on individual stocks and 20-times on ETFs, including those tracking the S&P 500 and Nasdaq indices. This initiative is part of Coinbase’s strategy to broaden its offerings as it aims to become the “Everything Exchange.”
The introduction of these perpetual futures comes amid a growing demand for continuous equity exposure, particularly as decentralized platforms gain traction. With major stocks like Apple and Tesla available for trading, this move could attract a significant number of traders seeking flexible trading options. Additionally, the use of a familiar risk engine from Coinbase’s crypto derivatives markets enhances its credibility in traditional finance.
For market professionals, this development signals a shift in trading dynamics, potentially increasing competition among platforms. I recommend checking out the full article for deeper insights into Coinbase’s strategic expansion and its implications for the broader market.
Source: coindesk.com