Coinbase, the largest U.S. based crypto exchange, is seeking to list 24/7 equity products as perpetual gain momentum.
The company filed a notice registration form with the Securities and Exchange Commission earlier this week to get sign-off to begin listing equity perpetuals, said Coinbase Chief Policy Officer Faryar Shirzad on Thursday in aย postย on X.ย
“Equity perps have proven demand internationally, and weโre excited at the prospect of a regulated pathway for U.S. investors,” he said.
Next, Coinbase would need the Commodity Futures Trading Commission’s sign-off, Shirzad added. Coinbase launched perpetual futures in March, allowing people outside the U.S. to trade those assets on a set of specific stocks including Apple Inc., Microsoft, NVIDIA and Amazon.
Perpetuals, or perps, are a type of futures contract that don’t have an expiration date and allow people to bet on the price movement of assets without owning them directly. Much of the market currently operates on offshore exchanges that are not regulated in the U.S.
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