Coinbase Files for Single-Stock Perpetual Futures, but the CFTC Still Holds the Key

By Isaac • September 22, 2026 3:29 pm •

Coinbase has put its plan for single-stock perpetual futures on paper. That does not mean U.S. traders can use the product yet.

The exchange’s derivatives arm filed a proposed framework for cash-settled contracts tied to individual U.S. stocks and exchange-traded funds. The contracts could eventually give traders extended-hours price exposure without delivering any shares.

The key word is could.

Regulatory approval is still pending, leaving a sharp line between an ambitious filing and a live market.

CryptoSlate reports that Coinbase Derivatives submitted rules covering futures on individual equities and ETF shares, including contracts with no fixed expiration date. Because the products would settle in cash, gains and losses would be paid in money rather than through