Coinbase Launches Perpetual Stock Futures With Up to 20× Leverage
Coinbase launched perpetual stock futures contracts for non-U.S. retail and institutional traders covering Magnificent Seven tech stocks and major indices, cash-settled in USDC with no expiry and up to 10× leverage on single-stock and 20× on ETF products. Coinbase shares have fallen 17% year-to-date to $197.28.
1. Product Launch Details
Coinbase has introduced perpetual futures contracts for non-U.S. retail and institutional traders, enabling round-the-clock trading of single-stock contracts tied to Apple, Nvidia, Tesla and other Magnificent Seven names, plus S&P 500 and Nasdaq 100 index futures with no expiration date.
2. Leverage and Settlement
Traders can use up to 10× leverage on individual stock futures and up to 20× on ETF-linked products, with all positions cash-settled in USDC stablecoin. This structure allows speculators to take directional bets without owning the underlying equities.
3. Strategic Expansion
The launch aligns with Coinbase’s goal to evolve into an “everything exchange” by integrating traditional assets and new derivative instruments alongside its core cryptocurrency offerings. It builds on recent moves by competitors to expand perpetual futures in equities.
4. Stock Performance
Coinbase shares have declined roughly 17% this year, trading near $197.28, as the company seeks new revenue streams to counter cryptocurrency trading volatility. The futures expansion could bolster fee income if it attracts significant trading volumes.