Coinbase unveils 24/7 stock futures for global traders in derivatives push

Coinbase now lets global traders gain continuous, leveraged exposure to major US stocks using perpetual futures, expanding beyond crypto into traditional assets while targeting demand for 24/7 trading.

The new product covers seven technology stocks, including Apple, NVIDIA, Tesla, Microsoft, Amazon, Alphabet, and Meta, along with ETF perpetual futures.

The contracts settle in USD Coin (USDC), a dollar-pegged stablecoin, and offer leverage of up to 10x on single stocks and up to 20x on ETF perpetuals, allowing international traders to take amplified positions in US equity price movements without a traditional brokerage account. They also support cross-margining across perpetual futures and spot positions, improving capital efficiency.

Access is available to retail users via Coinbase’s advanced trading interface and APIs, with institutional trading supported through its international exchange, all within a 24/7 market environment that includes weekends.

Why perpetual futures in stocks?

Traditional US stock exchanges close each weekday afternoon and stay dark on weekends and holidays, creating gaps that global investors have long found frustrating.

Perpetual futures carry no expiration date and continuously track the underlying asset’s spot price through a funding rate mechanism.

The move targets growing global demand for round-the-clock equity trading, especially in regions with limited access to US markets. It also advances the company’s goal of building an “everything exchange,” combining multiple asset classes into one system.

Regulatory and product development

Over the past year, Coinbase has established the groundwork for this move through key regulatory and product milestones. The exchange introduced crypto perpetual futures for US retail customers in mid-2025, primarily under CFTC oversight for commodity derivatives.

The firm then expanded crypto derivatives into Europe under a MiFID II license from the Cyprus Securities and Exchange Commission, secured via its 2024 Bux acquisition, reaching traders across 26 countries in a March 2026 rollout that aligned closely with its stock index futures launch.