Coinbase has introduced stock perpetual futures aimed at non-US traders, enhancing its offerings to provide continuous access to cryptocurrency, equities, and prediction markets on a unified platform. This initiative was announced in a blog post on a Friday, highlighting the product's current unavailability to US persons, with plans for future expansion into other regions.
The new contracts are accessible via Coinbase Advanced for retail clients and the Coinbase International Exchange for institutional users. These contracts offer offshore clients leveraged, cash-settled positions in major US stocks and indices, including notable companies like Apple and Nvidia, utilizing a familiar structure from existing Bitcoin and Ether perpetuals.
Coinbase's strategic move aligns with its goal to develop a comprehensive trading platform, often referred to as an "everything exchange," facilitating transactions across various asset classes. The introduction of these perpetual futures complements Coinbase's recent efforts to launch regulated crypto futures and prediction markets across all 50 US states.
In Europe, the company has already rolled out perpetual futures contracts for its Advanced users in 26 countries, reflecting its commitment to a multi-asset brokerage model as outlined in its 2026 roadmap. The competitive landscape includes rivals like Binance and Kraken, as interest in tokenized stocks rises, with total on-chain value surpassing $1 billion earlier this month.