Coinbase Launches 24/7 10x Leveraged Meta Futures; Debt Added to CDX IG Index
Coinbase has launched 24/7 perpetual futures trading for Meta shares with up to 10x leverage, using USDC settlement and cross-margining across spot and futures. Meta debt has been added to the CDX IG Index, reflecting its growing role in AI-related credit markets and boosting CDS liquidity.
1. Coinbase Launches Perpetual Futures Trading
Coinbase has enabled eligible non-US customers to trade Meta single-stock perpetual futures around the clock, offering up to 10x leverage. Positions can be cross-margined with spot and other futures holdings, and all settlements will occur in USDC stablecoins, potentially increasing retail and institutional access to Meta exposure.
2. Meta Debt Added to CDX IG Index
Meta’s investment-grade debt has been included in the semiannual S&P Dow Jones CDX IG Index, joining other tech giants. This inclusion underscores Meta’s elevated borrowing levels to fund AI infrastructure and may enhance liquidity and pricing transparency in its credit default swap market.