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FollowingCoinbase Cryptocurrency News: Coinbase seeks U.S. regulatory path for perpetual contracts in U.S. stocks
When it appeared on the Bloomberg Crypto program on September 8, 2026, Coinbase (NASDAQ: COIN) stated that it has surpassed the label of a "cryptocurrency exchange." Ryan VanGrack, company vice chairman and head of corporate affairs, noted in a conversation with Scarlet Fu and Tim Stenovec that the company has taken initial regulatory steps aimed at allowing U.S. investors to make round-the-clock, leveraged stock bets without holding underlying stocks.
This exposure sought by Coinbase will be achieved through equity-linked perpetual derivatives rather than direct shareholding. Currently, these products have not been approved and are not available to U.S. customers. Coinbase hopes to position itself as a multi-asset trading platform, not just a trading venue defined by digital tokens. For background information on the relevant filing progress, Tokenist's report on Coinbase's SEC filing traces the regulatory process in detail.
We are working to introduce perpetual contracts for individual stocks into the U.S. market.
This week, we filed notice registration documents with the SEC regarding derivatives exchange and brokerage business.
We will work closely with the SEC and CFTC to bring more major financial products home.
pic.twitter.com/6wvjLXRwih-- Coinbase (@coinbase) September 3, 2026
How will Coinbase equity-linked perpetual contract proposal work?
The product under discussion will track stock price movements but will not confer ownership, voting rights or dividends: it will only provide risk exposure and be delivered through derivatives rather than shares.
On August 25, 2026, Coinbase submitted a comment letter to the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) in response to a joint request for comments on how to define swap contracts and security-based swaps. Its core demand is to allow U.S. clients to trade what the letter calls "equity perpetual derivatives." Coinbase already offers equity perpetual contracts with similar structures to qualified customers outside the United States.
Coinbase hopes to provide leveraged, 24/7 trading of equity-linked instruments to domestic users and has asked regulators to clarify the path rather than announce that it is fully open.
Why U.S. approval is a core difficulty
The fundamental reason is that Coinbase has only taken preliminary regulatory steps and has not been approved, and the product is still not available domestically. This difference is crucial: the same leverage and continuous trading mechanism that cryptocurrency traders take for granted collide with a stock market based on specific trading hours, circuit breakers, and settlement practices that assume prices stop fluctuating overnight.
The issues behind this are both technical and jurisdictional. U.S. stocks are regulated by the SEC, and the derivatives associated with them have historically been regulated by the CFTC. A product that combines both characteristics cannot be clearly classified in any institution's existing rule book. What follows is the issue of retail protection-leverage both amplifies gains and exacerbates the risk of forced liquidations, while continuous trading removes the buffer period for the market to digest news before the cash trading session resumes.
Similar issues have arisen in competitors 'attempts to promote round-the-clock stock token trading, which Tokenist has reviewed in the context of Robinhood's early trading launches.
Equity perpetual contracts are about to enter the local market.
This week,@coinbase took the first step in making such products available on U.S. derivatives exchanges after filing notification registration documents with @SECgov.
Equity perpetual contracts have proven to be in demand internationally, and we are excited about their prospects...-- Faryar Shirzad (@faryarShirzad) September 3, 2026
Coinbase Cryptocurrency News: From Cryptocurrency Exchange to Multi-Asset Platform
VanGrack's appearance on Bloomberg also mentioned Anthony Armstrong's joining Coinbase, a detail that is consistent with the broader message in the clip that the company believes it is operating beyond the niche market in which it was founded. Coinbase originally established a business as a cryptocurrency exchange, and if approved, its leveraged stock proposal would introduce the same strategy-perpetual contracts, significant leverage, no closing bells-into instruments linked to listed companies.
Coinbase wants regulators to treat equity perpetual contracts as a solvable classification issue rather than a forbidden area. The company has previously established commission-free stock and ETF trading businesses in the United States and offers products similar to tokenized equity to non-U.S. users. This trajectory suggests that Coinbase views equity exposure as an extension of its existing exchange infrastructure rather than a one-time transformation.
