Coinbase Derivatives launches US500 equity index perp-style futures on August 17

Coinbase Derivatives is adding another equity index product to its growing lineup, this time tracking a benchmark that mirrors the S&P 500. The US500 Equity Index Perp-Style Futures contract goes live on August 17, giving US traders leveraged access to the country’s most-watched equity benchmark through a crypto-native platform. What Coinbase Derivatives is actually building The exchange first enabled 24/7 trading for margined futures back on May 9, 2025. Then came the Mag7 + Crypto Equity Index Futures on September 22, 2025, a product that bundled mega-cap tech stocks with crypto assets into a single quarterly contract. By June 14, 2026, CDE had launched what it called the first perpetual-style equity index futures on any CFTC-regulated platform. Those initial products covered thematic indexes focused on AI, defense, and the Nasdaq-100. Now the US500 contract rounds out the offering with exposure to the broadest and most liquid US equity benchmark available. Unlike traditional futures that expire on a set date, perps have no expiration. Traders can hold positions indefinitely, paying or receiving periodic funding rates to keep the contract price tethered to the underlying asse...