Coinbase Derivatives and Coinbase Financial Markets filed Form 1-N and Form BD-N with the SEC on Sept. 1, seeking to offer single-stock perpetual contracts to US traders while coordinating with the CFTC.
The official Coinbase post directly supports the central development: Coinbase is pursuing U.S. single-stock perpetual futures and filed SEC-notice registrations. Coinbase Launches Stock Perpetual Futures supports the description of the contracts as leveraged, continuously traded synthetic stock exposure rather than ownership of shares. “SEC nod” is shorthand rather than the company’s precise wording; Coinbase says it filed notice registrations and will work with the SEC and CFTC, not that the SEC has already approved the product.
Coinbase has filed regulatory notices with the SEC to offer single-stock perpetual futures to U.S. traders, extending a derivatives product it already offers to eligible customers outside the country. On Sept. 1, Coinbase Derivatives, LLC submitted Form 1-N while Coinbase Financial Markets, Inc. filed Form BD-N. These are initial steps that do not mean approval has been granted to launch the products. No launch date, underlying stocks or leverage limits have been disclosed. The company said it is working to bring single-stock perps to the US and plans to collaborate with the SEC and CFTC. Coinbase shares rose 10.14% to $192.70 on Sept. 3. Perpetual futures have no fixed expiration date and use a funding mechanism to align contract prices with the underlying asset. A single-stock perpetual provides leveraged price exposure to individual company shares without granting ownership rights. Coinbase launched the offering for non-US traders in March 2026 with up to 10x leverage on contracts for stocks including Apple, Microsoft, Nvidia and Amazon. The filings follow Coinbase's August comments to the SEC and CFTC recommending equity perpetual derivatives be treated as security futures. Coinbase acquired Deribit for about $2.9 billion to expand its derivatives business. On Sept. 2, it began offering crypto futures to eligible Canadian investors, including 23 perpetual and dated contracts on Bitcoin, Ethereum and Solana, plus five commodity futures and COIN50 index futures with up to 10x leverage.