Crypto exchange Coinbase is offering stock perpetual futures to non-U.S. customers, enabling leveraged positions on large-cap U.S. stocks and ETFs. The contracts trade 24/7, are cash-settled in USDC, and allow up to 10-times leverage on single stocks and 20-times on ETFs. The move supports Coinbase's goal of becoming the 'Everything Exchange.'
The contracts cover the Magnificent 7 and ETFs like SPY and QQQ. Coinbase uses the same risk engine as its crypto derivatives markets, allowing cross-margining between futures and spot positions.
