Coinbase Files with SEC for 24/7 Leveraged Stock Futures in the US

Cryptocurrency exchange Coinbase has made a formal application to the U.S. Securities and Exchange Commission (SEC) to offer perpetual futures products based on stocks in the United States. The move is seen as heralding a new era that would allow investors to trade with leverage outside regular market hours in traditional markets. According to Coinbase's plan, these new products will be subject to approval by the Commodity Futures Trading Commission (CFTC). Under the CFTC's regulatory framework, the company aims to enable investors to open and close futures contracts based on stock indices or individual stocks 24 hours a day, 7 days a week. This initiative is viewed as part of Coinbase's strategy to expand beyond its current cryptocurrency-focused business model and enter traditional financial markets. Perpetual futures, a product type common in crypto markets, can be traded without a fixed expiration date. This structure is currently less common in U.S. stock markets compared to standard futures contracts. Experts note that how the SEC and CFTC evaluate this application will be critical to the product's launch timeline. It remains unclear when Coinbase might roll out this service following the regulatory approval process. The move draws attention as it comes at a time when the boundaries between crypto and traditional finance are increasingly blurring. This is not investment advice.