Coinbase Files for U.S. Single-Stock Perpetual Futures With CFTC
Coinbase Derivatives has filed with the U.S. Commodity Futures Trading Commission for approval to offer cash-settled perpetual futures tied to individual U.S.-listed stocks and exchange-traded funds, according to Wu Blockchain.
The filing seeks to bring equity perpetual futures into Coinbase's U.S. regulated derivatives market. Apple (AAPL) is identified as the representative contract in the filing, while the proposed products would require CFTC approval and any other necessary regulatory approvals before launch.
The CFTC's public filing database lists Coinbase's “Single Stock Perpetual Futures Contract” as an approval-pending security futures product dated Sept. 18, 2026.
Coinbase Targets Individual Stocks and ETFs
The proposed contracts would be cash-settled, meaning traders would gain exposure to the price movements of the referenced securities without taking delivery of the underlying stocks or ETFs.
The filing specifically uses Apple as the representative contract, according to Wu Blockchain. The proposed product would extend Coinbase Derivatives' existing perpetual-futures offering beyond crypto and other commodities or financial instruments to individual U.S.-listed equities.
Coinbase has already moved into equity-linked perpetual products in the U.S. through its broader derivatives strategy. In May, the company announced plans to launch perpetual-style equity index futures on a U.S. regulated exchange, with contracts tracking themes including artificial intelligence, China, defense and major Nasdaq companies.
The latest filing goes a step further by seeking approval for contracts tied directly to individual stocks and ETFs.
Proposed Contracts Would Fall Under CFTC and SEC Oversight
The filing is structured around the regulatory framework for security futures products, placing the proposed contracts within the joint jurisdiction of the CFTC and the U.S. Securities and Exchange Commission.
The CFTC's filing database classifies Coinbase's single-stock perpetual contract under “Security Futures Product” and “SSF - Single Stock Future.” Its current status is listed as “Approval Pending (45),” indicating that the filing remains subject to the regulatory process rather than representing an approved product launch.
That regulatory classification is central to Coinbase's effort to bring the products to U.S. customers. The company would need the relevant regulatory approvals before offering the contracts to eligible U.S. traders.
The proposal also comes after Coinbase filed with the SEC earlier in September to offer equity perpetuals. Reuters reported on Sept. 3 that Coinbase had submitted registration documents with the SEC for equity perpetual products.
Coinbase Already Offers Equity Perpetuals Outside the U.S.
Coinbase's proposed U.S. products would build on its existing international equity derivatives business.
The company already offers equity perpetual futures to eligible non-U.S. users, according to the information shared by Wu Blockchain. The new filing is aimed at extending similar products into the U.S. market through a regulated structure.
Perpetual futures differ from conventional futures because they do not have a fixed expiration date. Traders can maintain positions without periodically rolling contracts into a new expiration, subject to the terms and risk controls of the product.
Coinbase has also expanded its regulated derivatives lineup beyond cryptocurrencies. The CFTC database lists several Coinbase perpetual-style futures and conventional futures that have already been certified, including products linked to Avalanche, Zcash, PAX Gold, copper and platinum.
Approval Remains the Next Milestone
The proposed single-stock contracts are not yet available to U.S. customers. The CFTC filing remains pending, and Coinbase's plans are subject to approval by the relevant regulators.
If approved, the products would give eligible U.S. markets participants access to perpetual futures referencing individual U.S.-listed stocks and ETFs through Coinbase's regulated derivatives platform.
For now, the key milestone is the regulatory review of the “Single Stock Perpetual Futures Contract,” which the CFTC database records as pending approval as of Sept. 18, 2026.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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