Coinbase has launched 24/7 perpetual futures on major U.S. stocks and ETFs for eligible traders outside the United States. The new products are available on Coinbase International Exchange and Coinbase Advanced and offer leveraged exposure to U.S. equities around the clock.
How Coinbase’s New Stock Perpetuals Work
The new contracts track leading U.S.-listed stocks, including Apple, Microsoft, NVIDIA, and Tesla, as well as well-known ETFs like SPY and QQQ. Coinbase says customers outside the US can trade with up to 10x leverage on individual stocks and up to 20x leverage on ETFs. All trades are settled in USDC. Settlement in a stablecoin tethered to the dollar makes it easier for traders in different time zones to get money and margin.
These solutions operate around the clock, 7 days a week, in line with the always-active nature of cryptocurrency markets. Through its CFTC-regulated U.S. derivatives division, Coinbase already provides 24/7 futures on Bitcoin and Ether, and it is now expanding that model to include stock perps for clients in other countries. Over time, the company intends to add more American equities, indexes, and other asset classes.
The move also fits Coinbase’s broader “everything exchange” plan. That plan aims to put crypto, stablecoins, stocks, and derivatives in one place.
In the U.S., Coinbase recently turned on 24/5 stock and ETF trading. This access covers more than 8,000 securities. Outside the U.S., it uses its international entities to offer approved products. These products include high-leverage perpetual futures where local rules permit them.
To access the new stock perpetuals, users must live in an eligible non-U.S. jurisdiction and complete derivatives onboarding on Coinbase Advanced or Coinbase International Exchange. Traders margin and settle these contracts in USDC, and they take both long and short positions with daily funding rates instead of fixed expiries.
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