Coinbase has launched stock perpetual futures contracts for eligible non-US traders, marking a significant expansion of its platform into round-the-clock synthetic equity trading. The new product, announced on March 20, 2026, offers leveraged, cash-settled exposure to major U.S. equities and indices, including the "Magnificent 7" tech stocks: Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Nvidia (NVDA), Meta (META), and Tesla (TSLA).
The contracts are available on Coinbase Advanced for retail users and Coinbase International Exchange for institutional clients, but are explicitly not available to U.S. persons at this time. Coinbase stated it is "working to expand this offering to additional regions in the future." The product allows offshore clients to trade these synthetic assets 24/7 using USDC deposits, with settlement occurring on crypto rails. Leverage is set at up to 10x for single-name stocks and up to 20x for ETF perpetual futures.
This launch is a core component of Coinbase's 2026 roadmap, which emphasizes stablecoins, its Base layer-2 network, and a multi-asset brokerage model. CEO Brian Armstrong has previously stated that the top priority is to grow the "everything exchange" globally across crypto, equities, prediction markets, and commodities. The move follows Coinbase's recent rollout of regulated crypto futures and 24/5 cash equities in the U.S., as well as Kalshi-powered prediction markets in all 50 states.
Coinbase is entering a competitive and fragmented market, going up against rivals like Binance and Kraken, which already offer equity perpetual contracts for non-U.S. traders. The launch precedes the anticipated May 29 debut of 24/7 futures on the CME. Coinbase aims to compete with unregulated decentralized venues by offering institutional-grade risk management and a cross-margined system where trades are margined alongside other perpetual futures and spot positions.
The company highlighted that the product is designed to let traders "react to news as it happens, not when the exchange opens," tapping into demand for trading during geopolitical events and weekends. This development coincides with the tokenized stocks sector surpassing $1 billion in total onchain value, signaling continued blurring between crypto and traditional market access.
