Coinbase launched stock perpetual futures on March 20, 2026, giving international traders round-the-clock leveraged exposure to US equities through crypto-native infrastructure — a first for a major centralized exchange.

What's Available

The initial offering covers all seven Magnificent 7 technology stocks: Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA). ETF perpetuals on SPY and QQQ are also available in supported regions. Contracts trade on Coinbase Advanced and are restricted to eligible non-US users.

Single-stock perpetuals offer up to 10x leverage; ETF contracts support up to 20x. All positions settle in USDC, using the same infrastructure Coinbase built for its crypto derivatives platform. Traders can cross-margin stock and crypto positions within a single account.

Why It Matters

Perpetual futures — a derivative format pioneered by crypto exchanges — have no expiration date and use a funding rate mechanism to track underlying asset prices. They now account for roughly 75% of global crypto trading volume. Bringing that format to equities means traders can access major US stocks outside traditional market hours, hedge overnight, and avoid fiat banking rails entirely.

Coinbase CEO Brian Armstrong has described the company's goal as building an "everything exchange" — a single platform for crypto, equities, commodities, and prediction markets. This launch follows the rollout of US stock and ETF trading in December 2025 and CFTC-regulated crypto perpetuals in July 2025.

The Bigger Picture

The move signals that stablecoin-settled, blockchain-based infrastructure is increasingly capable of powering markets that traditional finance has kept gated. For crypto-native traders, access to 24/7 Nvidia or Tesla exposure on the same platform as Bitcoin and Ethereum is a structural shift — not just a product update.