Coinbase Files Stock And ETF Perpetual Futures
Coinbase Derivatives has asked the Commodity Futures Trading Commission to approve a family of cash-settled “Equity Perpetual Contracts” — perpetual futures tied to individual U.S.-listed stocks and exchange-traded fund shares — in a September 18 filing that would bring round-the-clock equity derivatives to U.S. markets. The submission, filed with the CFTC under Coinbase Derivatives Submission #2026-62, uses an Apple (AAPL) single-stock perpetual future as the representative contract and seeks to list the products shortly after Commission approval, pending any additional regulatory clearances. What the Filing Proposes The request, made under CFTC Regulation 41.23(b), covers cash-settled perpetual futures that each reference a single underlying equity security or ETF share. The AAPL Single Stock Perpetual Future, sized at 0.01 times the AAPL index, serves as the representative specification in Appendix B of the submission, with the corresponding contracts — including those referencing ETF shares — identical in structure and differing only by underlier. Listing would be limited to the most actively traded, liquid U.S.-listed equities and ETF shares under the exchanges Rule 1203 standards, and the contracts would be centrally cleared by Nodal Clear, LLC. Security Futures Under Joint Oversight Coinbase Derivatives, LLC is a designated contract market and is notice-registered as a national securities exchange









