Coinbase plans to launch perpetual futures for US stocks and ETFs
Coinbase Derivatives has submitted a proposal for rule changes. It plans to establish a cash-settled framework for single-stock and ETF share futures, and to include perpetual single-stock futures with no fixed expiration date. The contracts are not delivered and do not confer ownership of the underlying securities. The proposed rule changes have not yet taken effect, and the related CFTC applications submitted on the same day have not yet been approved. Market commentary is generally bullish on COIN and on the compliance-derivatives/RWA narrative. If approved, Coinbase would bring the perpetual contract form that the crypto exchange is most familiar with to the US stock and ETF market, which would be positive for platform trading revenue and for the imagination around the on-chain tokenization of traditional asset classes. However, the threshold is high and the margin requirements are not low; in the short term, this looks more like a regulatory-path signal. Whether it truly sees large-scale volume will depend on the approval timeline and the range of tradable underlying assets.
Source: PANews
#COIN
Figure 1: Coinbase plans to launch perpetual futures for US stocks and ETFs · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0be42-4a64-737a-9cb0-44182c1e39fe
Coinbase Derivatives has submitted a proposal for rule changes. It plans to establish a cash-settled framework for single-stock and ETF share futures, and to include perpetual single-stock futures with no fixed expiration date. The contracts are not delivered and do not confer ownership of the underlying securities. The proposed rule changes have not yet taken effect, and the related CFTC applications submitted on the same day have not yet been approved. Market commentary is generally bullish on COIN and on the compliance-derivatives/RWA narrative. If approved, Coinbase would bring the perpetual contract form that the crypto exchange is most familiar with to the US stock and ETF market, which would be positive for platform trading revenue and for the imagination around the on-chain tokenization of traditional asset classes. However, the threshold is high and the margin requirements are not low; in the short term, this looks more like a regulatory-path signal. Whether it truly sees large-scale volume will depend on the approval timeline and the range of tradable underlying assets.
Source: PANews
#COIN
Figure 1: Coinbase plans to launch perpetual futures for US stocks and ETFs · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0be42-4a64-737a-9cb0-44182c1e39fe
