Coinbase is actively expanding its product line, embracing the trend of perpetual futures trading with the launch of its new stock perpetual futures trading service, enabling 24/7 trading.
The platform is focusing on the US market while also addressing the growing demand for tokenization. As a licensed exchange in the US market, Coinbase will offer stock perpetual futures trading to eligible non-US traders. It's important to note that the stock exposure provided will be achieved through synthetic US stocks, rather than utilizing existing tokenized instruments. Coinbase stated that the launch of this new service is driven by the increasing market demand for US equities.
Coinbase Brings 'Magnificent Seven' Stocks to International Trading Arena
Coinbase will initially offer trading services for the 'Magnificent Seven' tech stocks, including Apple (AAPL), Microsoft (MSFT), Google (GOOG), Amazon (AMZN), Nvidia (NVDA), Meta (META), and Tesla (TSLA). These stocks have garnered significant attention from international traders over the past year.
Stop Waiting for the Opening Bell: Trade Stock Perpetual Futures 24/7 on Coinbase
This curated list of synthetic assets will cover the aforementioned popular stocks. International traders on Coinbase will gain synthetic exposure to publicly listed equities, offering new avenues for retail traders who previously faced accessibility challenges or high capital requirements. Coinbase also emphasized its intention to compete with unregulated decentralized trading platforms by offering institutional-grade risk management.
Coinbase Aims to Reflect Market Dynamics in Real-Time
Unlike the strict trading hours of traditional markets, Coinbase's new product will break down time barriers, allowing for round-the-clock trading. The product will offer up to 10x leverage for single stocks, while leverage for ETF perpetual futures can reach up to 20x.
Continuous trading opportunities, especially during weekends, are designed to capture market activity during significant moments like geopolitical events, enabling traders to establish directional positions and trade immediate market reactions.
Trading will be supported through USDC deposits and settled in cryptocurrency, providing a convenient deposit method for global traders. All trades will be cross-margined with other perpetual futures and spot trading on the platform.
Coinbase will serve retail traders through its Coinbase Advanced user interface and APIs, while the Coinbase International Exchange will be available to institutional traders.
The newly launched stock perpetual futures will utilize Coinbase's established settlement engine, which has been proven in futures derivatives trading.