Continuous access to financial markets is becoming a central issue for crypto platforms. Additionally, many investors are looking to gain exposure to U.S. stocks outside of traditional hours. Thus, derivative products are gradually establishing themselves as a flexible solution to circumvent these constraints. In this context, Coinbase launched perpetual stock futures contracts for non-US traders, strengthening its strategy to provide continuous, 24-hour access to different asset classes.
In brief
- Coinbase launches perpetual stock futures contracts for traders outside the United States.
- Users access US stocks and ETFs 24/7 with leverage.
- The contracts provide synthetic exposure, settled in USDC, without holding the assets.
- The platform continues its strategy to become an integrated multi-asset ecosystem.
Perpetual Stock Futures: Coinbase Expands Derivatives Offering
centralized exchange platform (CEX) Coinbase announced that these contracts allow synthetic exposure with leverage. Indeed, users can trade price variations without directly owning the shares. In addition, these products operate continuously, without interruption linked to stock market hours.
In his blog published on Friday, Coinbase indicates that this offer does not yet concern US residents. The company nevertheless claims to be working on a gradual expansion to other regions. Thus, this launch is part of a global international deployment strategy.
24-hour access to US stocks and ETFs via Coinbase
With these perpetual stock futures contracts, Coinbase offers a selection of highly liquid US assets, accessible 24/7. Among them are Apple, Microsoft, Nvidia, Amazon and Tesla. At the same time, certain ETFs such as the SPY and the QQQ are also available, depending on regulatory constraints.
This continued availability responds to growing demand on the markets. Indeed, many traders seek to operate outside traditional hours. Until now, this activity has mainly developed on decentralized platforms. Now, the Coinbase exchange integrates it into a centralized and regulated framework.
How Coinbase Stock Perpetual Contracts Work
Coinbase details several characteristics related to these contracts. First, users can use up to 10x leverage on stocks and 20x on certain ETFs. Second, these instruments provide synthetic exposure without direct ownership of the underlying assets.
Furthermore, positions are settled in USDC, which facilitates use in the crypto ecosystem. Coinbase is also introducing a cross-margin system between spot and derivatives markets. Thus, traders can manage their capital more flexibly.
Finally, access is via Coinbase Advanced for individuals, while Coinbase International Exchange targets institutions. This organization makes it possible to cover different user profiles.
A strategy towards a unified crypto and financial platform
This launch is part of a broader roadmap. Coinbase seeks to build a platform capable of bringing together multiple asset classes. Indeed, Brian Armstrong, CEO of Coinbase, had already mentioned this ambition last January in a publication on X. He then indicated that the priority remained the development of a global platform, covering both spot, derivatives and other financial instruments.
Continuing on, in February, the platform announced that stock trading was becoming accessible to American residents via a partnership with Yahoo Finance. Users can trade stocks and ETFs 24/5 in the same place as their cryptocurrencies.
Finally, Coinbase leverages its existing infrastructure, including stablecoins and its Base network. Gradually, the platform develops an environment where users can navigate between different markets without interruption.
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