Coinbase ups NVDA leverage

Coinbase has started offering NVIDIA perpetual futures to eligible users outside the United States, giving them round-the-clock leveraged exposure to the stock. (coinbase.com) The NVIDIA contract is part of a March 20, 2026 launch that also included Apple, Microsoft, Alphabet, Amazon, Meta Platforms and Tesla, plus exchange-traded fund contracts tied to the SPDR S&P 500 ETF Trust and Invesco QQQ Trust. Coinbase said the products are available to non-United States retail traders on Coinbase Advanced and to institutions on Coinbase International Exchange. (coinbase.com) These are stock perpetual futures, a derivatives product with no expiration date that tracks an underlying stock price instead of delivering shares. Coinbase said the contracts trade 24 hours a day, seven days a week, settle in USD Coin, and use the same risk engine as its crypto perpetual futures. (coinbase.com; help.coinbase.com) Coinbase caps leverage at up to 10 times for single-stock contracts such as NVIDIA and up to 20 times for basket and exchange-traded fund contracts. Its help page also says traders using leverage above default levels face account-level notional caps, including a $60 million combined cap and a $20 million cap above 10 times leverage. (help.coinbase.com) The launch extends Coinbase’s push beyond crypto into products tied to traditional markets. In its announcement, the company said it wants traders to access crypto, stocks and other assets side by side through what it calls an “Everything Exchange.” (coinbase.com) Coinbase framed the product around a gap in the equity market calendar: United States stock exchanges run 24 hours a day for five days a week at most, while macro headlines and crypto markets move through weekends and overnight hours. The company said demand for continuous equity exposure has been building, especially in markets where direct access to United States stocks is limited or capital intensive. (coinbase.com) The product is not open to United States persons. Coinbase’s derivatives help pages say perpetual futures are limited to customers in select regions outside the United States and require onboarding checks tied to local rules and suitability standards. (coinbase.com; help.coinbase.com) Coinbase has been building the derivatives plumbing for years. It opened perpetual futures to eligible non-United States retail customers in 2023, and the new stock contracts extend that model from crypto into synthetic exposure to large-cap United States equities such as NVIDIA. (coinbase.com; coinbase.com) The bet is that traders who already use crypto-style leverage will also want the same always-open format for names like NVIDIA. Coinbase is offering that access without selling the underlying shares, and only in markets where its international derivatives setup is allowed. (coinbase.com; help.coinbase.com)