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Coinbase Seeks Approval for Apple, Tesla and Nvidia Single-Stock Perpetuals

Coinbase has asked the CFTC to approve perpetual contracts on Apple, Tesla and Nvidia. The proposed products would offer US traders 24/5 leveraged exposure to the stocks without requiring share ownership.

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Coinbase Seeks Approval for Apple, Tesla and Nvidia Single-Stock Perpetuals

Coinbase has filed for approval with the US Commodity Futures Trading Commission to list perpetual contracts tied to Apple, Tesla and Nvidia, according to Decrypt. The proposed products would give US traders leveraged exposure to the individual stocks without requiring them to own the underlying shares. The filing outlines access to these contracts on a 24/5 basis. The application remains subject to CFTC approval, and the source does not indicate that the products have been authorized or launched. The proposal would extend Coinbase’s offerings into derivatives linked directly to major publicly traded technology companies, rather than spot ownership of their shares. Apple, Tesla and Nvidia are the three stocks identified in the filing.

Source Decrypt Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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