Coinbase launches stock perpetual futures
Coinbase rolled out stock perpetual futures for non‑U.S. traders offering 24/7 exposure to equities — including Apple — with up to 20x leverage, blurring crypto and equities access for international traders. The product widens market access and highlights how Apple equity is being re‑packaged into new instruments. (x.com)
Coinbase published the launch on March 20, 2026, in a company blog titled “Coinbase Launches Stock Perpetual Futures.” (coinbase.com) The initial instrument lineup names the seven large-cap tech stocks—Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta Platforms and Tesla—alongside ETF perpetuals for SPY and QQQ. (coinbase.com) Coinbase set explicit leverage caps at 10x for single-stock perpetuals and 20x for ETF perpetuals, and stated that all contracts will be cash-settled in USDC on its settlement rails. (coinbase.com) Retail access is routed through Coinbase Advanced and public APIs while institutional flow is handled on Coinbase International Exchange, and the product supports unified cross-margining across perpetual futures and spot positions. (coinbase.com) The company said the stock perps run on the same perpetual futures engine and risk framework used for its crypto derivatives, and pledged to expand the lineup over time to additional equities, indices, commodities and other globally traded assets. (coinbase.com) Coinbase noted the product is not available to U.S. persons and may be restricted in certain jurisdictions, and the rollout follows its earlier move to offer CFTC-regulated perpetual-style futures to U.S. customers starting July 21, 2025. (coinbase.com 1) (coinbase.com 2)
