Coinbase seeks SEC approval to list 7×24-hour stock perpetual contracts
Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch 7×24-hour stock perpetual contracts. This move will extend the all-weather trading model to regulated equity-linked derivatives, and a clear regulatory path must be established before any official launch.
The news that the exchange pushed the SEC to give the green light to all-weather stock perpetual contracts was disclosed on September 3, 2026. The path to submitting the application indicates that approval is a prerequisite, not a completed procedure.
Details of Coinbase's request for SEC approval
A stock perpetual contract is a derivative contract that tracks the price of a stock but has no expiration date, unlike term futures with a fixed settlement date. According to the same report, the core of Coinbase's request is to provide continuous 7×24 hours of trading services for these contracts.
The key to this request is regulatory: a product that is traded around the clock and is linked to stocks that exceeds the trading hours of the stock market on a standard business day, so SEC approval is a necessary threshold. Coinbase has previously set foot in related fields and launched stock perpetual futures. This request for a 7×24-hour stock perpetual contract further extends the direction to continuous trading and always open risk exposures.
What makes 7×24-hour equity-linked contracts unique
Traditional U.S. stock trading has fixed weekday periods, while perpetual contracts provide continuous access, breaking this structure. The product will draw on the familiar all-weather model in cryptocurrency perpetual contracts and apply it to equity risk exposures.
This hybrid framework is a noteworthy highlight: it connects the normal state of the cryptocurrency market-perpetual contracts can already be traded without interruption-with the underlying stock price. This is attractive for traders who want to adjust stock positions outside of standard trading hours. On other trading platforms, stocks, ETFs and commodities account for an increasing share of perpetual contract trading, and this demand pattern has become increasingly apparent.
What approval will mean
If approved, this listing would place Coinbase at the center of a new hybrid category that combines exchange-traded derivatives with equity risk exposure through a regulated framework. This move reflects the ongoing exploration of the intersection of cryptocurrency platforms and traditional financial products.
Approval ofwould also signal regulatory acceptance of a product that deviates from traditional trading time limits, and would expand Coinbase's product line beyond spot cryptocurrencies and existing perpetual futures. The platform has also attracted attention recently due to the launch of two cryptocurrencies in September, and demand dynamics in the U.S. market have been reflected in the Bitcoin premium on Coinbase.
The key constraint remains time. Reports have described the development as a request rather than an approval, so there is no firm launch date and the final outcome depends on the SEC's response.

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