Coinbase has begun offering stock perpetual futures to eligible non‑US users, expanding its bid to combine crypto, equities and prediction markets on a single platform. The product is currently restricted to non‑US persons, though Coinbase says it intends to broaden regional availability over time.
The contracts are available on Coinbase Advanced for retail traders and on Coinbase International Exchange for institutional clients. They are cash‑settled, leveraged instruments that track major U.S. single stocks and indices—examples cited include Apple (AAPL) and Nvidia (NVDA)—and are presented in a perpetual format familiar to crypto derivatives users.
This launch follows several recent moves by Coinbase: the rollout of regulated crypto futures and 24/5 cash equities trading in the U.S., and the nationwide introduction of Kalshi‑powered prediction markets. Those initiatives form part of Coinbase’s stated strategy to become an “everything exchange,” enabling customers to move between tokens, stocks and event contracts within one ecosystem.
Stock perpetuals are positioned as a core element of Coinbase’s 2026 roadmap. The plan emphasizes stablecoins, the Base layer‑2 network, and a multi‑asset brokerage model. CEO Brian Armstrong has said the company’s top priority is to scale the everything exchange globally across crypto, equities, prediction markets and commodities, spanning spot, futures and options.
For now, equity perpetuals remain unavailable to U.S. customers. Coinbase previously introduced perpetual futures for Advanced users across 26 European countries through its MiFID entity, and this latest rollout extends that multi‑jurisdictional approach.
Coinbase is entering a crowded, fragmented market for synthetic equity exposure. Competitors include Binance’s stock perpetual contracts, Kraken’s tokenized equity perps for non‑U.S. traders, and a range of offshore platforms offering single‑stock and index perpetuals under varying regulatory frameworks. The broader tokenized stock sector has been growing quickly: tokenized stocks recently exceeded $1 billion in aggregate on‑chain value, highlighting demand where crypto infrastructure intersects traditional market access.
Cointelegraph contacted Coinbase for additional comment but had not received a response at the time of publication.
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