Coinbase files to bring stock perpetuals to the US

Coinbase has filed two SEC notice registrations dated Sept. 1 as it works to bring single-stock perpetual contracts to the United States through its regulated derivatives exchange and brokerage. Summary Coinbase Derivatives filed Form 1-N to register as a security futures exchange. Coinbase Financial Markets submitted Form BD-N as a limited-purpose security futures broker-dealer. The filings do not provide a launch date, a list of supported stocks, or proposed leverage limits. Single-stock futures fall under the joint oversight of the SEC and CFTC. Coinbase said in a Sep. 3 post on X that it is working to offer single-stock perpetual contracts in the United States after submitting SEC notice registrations for two of its regulated derivatives businesses. “We’re working to bring single stock perps to the US,” the company said. The attached documents show that Coinbase Derivatives, LLC filed Form 1-N, while Coinbase Financial Markets, Inc. submitted Form BD-N. Both notices carry a Sept. 1 filing date. According to the company, it plans to work with the Securities and Exchange Commission and the Commodity Futures Trading Commission as it brings more financial products into the U.S. mar...