From Benzinga, March 20:
Coinbase (NASDAQ:COIN) launched stock perpetual futures for eligible non-U.S. users offering 24/7 leveraged synthetic exposure to Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and other Magnificent 7 stocks with up to 10x leverage.
The ‘Everything Exchange’ Expansion
Coinbase becomes one of the first major centralized venues to offer stock perpetual futures, a product that has gained traction on decentralized platforms with billions in daily trading volume.The launch advances the company’s strategy of building an “Everything Exchange” where users can access crypto, traditional assets, and emerging markets in a single venue.
At launch, eligible customers can trade perpetual futures on Apple, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Nvidia, Meta (NASDAQ:META), and Tesla. ETF perpetual futures, including SPY and QQQ, are also available where permitted.
The contracts offer up to 10x leverage on single-name stocks and up to 20x leverage on ETF products, with settlement conducted in USDC on crypto rails. Coinbase said the products support cross-margining across perpetual futures and spot positions....
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