On September 18, Coinbase officially applied to the Commodity Futures Trading Commission (CFTC) to launch perpetual futures contracts focused on individual stocks in the U.S. This innovative product will allow traders to speculate on stock price movements without needing to own the underlying shares, with trading available five days a week.
The Wall Street Journal reports that Coinbase intends to offer around 50 to 60 different contracts at the start, featuring prominent companies like Apple, Microsoft, Tesla, and Nvidia. A key distinction of these futures is that they will not have an expiration date, setting them apart from traditional futures contracts.
