COIN launches 24/7 stock perps for Mag7/ETFs non-US users
Key Questions
What new trading product has Coinbase launched?
Coinbase has launched 24/7 stock perpetual futures for non-US users, offering 10-20x leverage and USDC settlement on major stocks like AAPL and NVDA, as well as Magnificent 7 stocks and ETFs. This enters the stock perps market amid a +908% surge in Q1 equity perps volume.
Who is eligible to trade Coinbase's stock perpetuals?
These stock perpetuals are available exclusively to non-US users. They provide 24/7 trading access to major U.S. stocks.
Why is Coinbase diversifying into stock perpetuals?
Coinbase is positioning itself as an 'Everything Exchange' through this diversification, following a Q1 volatility miss and Barclays' short positions. It counters crypto market constraints and a fragile BTC rally by capitalizing on surging equity perps volume.
Coinbase enters stock perps with 10-20x lev/USDC settle on AAPL/NVDA etc. for non-US, riding +908% Q1 equity perps vol surge; 'Everything Exchange' diversification post-Q1 vol miss/Barclays shorts; counters crypto choke/fragile BTC rally.