Coinbase has filed a notice registration with the U.S. Securities and Exchange Commission (SEC) to list 24/7 equity perpetuals, according to its Chief Policy Officer, Faryar Shirzad. The move follows the exchange’s launch of perpetual futures for specific stocks in March and comes as the company awaits regulatory clearance from the Commodity Futures Trading Commission (CFTC).
Coinbase’s application marks a potential expansion of its derivatives offerings, with Shirzad stating on X that equity perpetuals “have proven demand internationally” and expressing enthusiasm for “a regulated pathway for U.S. investors.” The exchange previously introduced perpetual futures for Apple, Microsoft, NVIDIA, and Amazon, but broader equity perpetuals require CFTC approval, which remains pending.
Separately, Hyperliquid, a derivatives platform, has drawn scrutiny from the CFTC and Bloomberg, which reported speculation about a potential onshore deal with Payward, the parent company of Kraken. The CFTC has already approved Bitcoin perpetual futures and requested public comments on crude oil perpetuals, though its review of Hyperliquid’s U.S. expansion remains ongoing.
The CFTC’s chair, Michael Selig, has not publicly commented on Hyperliquid’s reported efforts to secure U.S. regulatory status, while Donald Trump’s recent reference to the platform at the White House has added political context to the regulatory scrutiny. Both Coinbase and Hyperliquid’s regulatory paths reflect broader industry efforts to navigate evolving oversight frameworks.
Written by Rebecca Shaw
Industry Desk
