Coinbase taps into always on, 'everything market' demand with stock perpetual futures

Coinbase joined the trend of perpetual futures trading with a new 24/7 stock offering. The platform, aimed at the US market, also taps growing tokenization demand. 

Coinbase joins the list of exchanges offering 24/7 trading for traditional assets. The market operator, licensed for the US market, will offer perpetual futures for stocks.

With the latest launch, both Coinbase and Hyperliquid are offering traditional assets with non-stop access. The move precedes the launch of 24/7 futures on the CME, expected on May 29.

Unlike Hyperliquid’s permissionless trading, Coinbase will offer stock perpetual futures for eligible traders only outside the USA. The exposure will come from synthetic US stocks, not using any previously established tokenization tools. Coinbase explained that the new trading venue was launched as demand rose for US equities.

Coinbase brings Magnificent 7 stocks to international traders

Coinbase will offer trading for the Magnificent 7 tech stocks, which have seen strong demand from international traders in the past year. 

The curated list of synthetic assets will include AAPL, MSFT, GOOG, AMZN, NVDA, META, and TSLA. 

The launch aims to turn Coinbase into a major source of derivatives for international traders. Coinbase also joins the trend of building an ‘everything market’ using its own regulated crypto infrastructure. The platform aims to include crypto, traditional, and emerging asset classes in one liquidity hub. 

International traders on Coinbase will offer synthetic exposure to publicly listed equities. The market will offer access to retail traders, where previously reaching US stocks was restricted or capital-intensive. Coinbase also stated it would compete with unregulated decentralized venues, offering its own institutional-grade risk management. 

Coinbase aims to reflect real-time market reactions

Traditional markets trade during strict opening hours, while Coinbase’s product will extend to the 24/7 cycle. The product will offer up to 10X leverage on single-name stocks and up to 20X leverage on ETF perpetual futures. 

Constantly available trading, especially on weekends, aims to tap into active market trading during notable geopolitical events, allowing traders to take directional positions and trade the immediate market reaction.

Access will be available through USDC deposits, and settlement will be available on crypto rails, making deposits easier for global traders. All trades will be cross-margined with other perpetual futures and spot trades. 

Coinbase will offer retail access through Coinbase Advanced UI and APIs, while the Coinbase International Exchange will be open to institutional trading. 

The new stock perpetual futures will use the Coinbase settlement engine, already tested with futures derivatives. 

There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance.