Coinbase Financial Markets has filed with the CFTC to list single-stock perpetual futures on Apple, Tesla and Nvidia. The contracts are not trading yet — the filing only starts the regulatory process, and Coinbase's Designated Contract Market status gives it a path offshore perpetual venues historically did not have.
Coinbase Financial Markets has submitted a filing to the Commodity Futures Trading Commission for single-stock perpetual futures tied to Apple, Tesla and Nvidia. The company made the submission through the CFTC's product-certification process under Part 40, a procedural filing rather than a launch. Coinbase has filed the products; it has not switched them on.
A Crypto Product Moves Onto Stocks
Perpetual futures became one of crypto's defining trading products because they offer futures-style leverage without a fixed expiry date, a structure that grew popular on offshore exchanges for Bitcoin and altcoins. Applying the same model to individual stocks creates something closer to a continuously traded synthetic equity exposure. For traders, that means the ability to take leveraged long or short positions without owning the underlying Apple, Tesla or Nvidia shares.
For regulators, it raises questions around settlement, margin, market integrity and the relationship between derivatives pricing and the underlying equity market.
Coinbase Wants The Regulated Version
The filing fits a broader Coinbase strategy. Rather than replicating offshore products outside the United States, the company has been building regulated derivatives infrastructure domestically. Its Designated Contract Market status gives it a venue to bring products into the CFTC framework, though that does not guarantee approval or immediate trading.
If the products clear the process, the more interesting part may be less about Apple, Tesla or Nvidia specifically and more about what comes next: a regulated single-stock perpetual market could eventually expand to a wider range of equities. For now, the point stays procedural — Coinbase has filed the contracts, and the CFTC process comes before any US launch.
Source: CFTC filing
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