Coinbase expands global trading with stock perpetual futures for non-US users

Core Insights - Coinbase has launched perpetual stock futures for eligible non-US retail and institutional traders, marking a significant expansion of its derivatives offerings into US equities [1][8] - The new contracts allow leveraged positions on major US technology companies, known as the Magnificent 7, and ETFs like the S&P 500 and Nasdaq-100 [2][3] - The introduction of these products aims to meet the growing demand for 24/7 access to equity markets, particularly for international investors [3][9] Expansion of Offerings - The perpetual futures contracts do not expire, providing continuous exposure and are cash-settled in USD Coin, a stablecoin [3][5] - Traders can access up to 10-times leverage on single-stock contracts and up to 20-times on ETF-based products [3][6] - The launch is part of Coinbase's strategy to create an "Everything Exchange" that integrates crypto and traditional finance [8][10] Competitive Landscape - Coinbase's entry into stock perpetual futures comes as decentralized platforms like Hyperliquid have gained traction in this market segment [4][6] - The company aims to bring trading activity into a more regulated environment, competing with decentralized finance (DeFi) platforms [5][6] Technological Integration - The platform utilizes the same risk engine that powers its crypto derivatives markets, allowing for efficient cross-margining across different asset classes [7][9] - Access to these products is facilitated through advanced trading tools, APIs, and an international exchange [9]