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Coinbase Files Notice Registrations With SEC to Offer Single-Stock Perpetual Futures

Coinbase filed notice registrations with the SEC to bring single-stock perpetual futures to US investors.

Why it matters

If approved, the filings would add another regulated derivatives product to Coinbase's US lineup, expanding retail access to single-stock perpetual futures — a product category that has grown popular in offshore crypto markets. The outcome depends on how regulators classify perpetual contracts under American law, with both the SEC and CFTC likely to be involved.

Key facts

Coinbase filed notice registrations with the SEC to offer single-stock perpetual futures to US investors.

Reported by CryptoPotato

Two filings were submitted on September 1, both shared by the company.

Reported by CryptoPotato

The first filing is a Form 1-N from Coinbase Derivatives, LLC.

Reported by CryptoPotato

The second filing is a Form BD-N from Coinbase Financial Markets, Inc., registering as a security futures product broker-dealer.

Reported by CryptoPotato

Coinbase plans to work with both the SEC and the CFTC to bring more major financial products onshore.

Reported by CryptoPotato

What happened

Coinbase announced it filed notice registrations with the US Securities and Exchange Commission to offer single-stock perpetual futures domestically, according to a post from the company's official account. The company shared images of two filings, both submitted on September 1. The first is a Form 1-N from Coinbase Derivatives, LLC, the entity through which the exchange already offers other futures products. The second is a Form BD-N from Coinbase Financial Markets, Inc., registering as a security futures product broker-dealer under Section 15(b)(11) of the Securities Exchange Act of 1934. CryptoPotato reported that Coinbase wrote it plans to work with both the SEC and the CFTC to bring more major financial products onshore. Neither filing guarantees the product launches on any set timeline, as notice registrations open the door for a broker or exchange to offer a given product while approval and any conditions attached remain with regulators.

How the story developed

  1. Update

    Coinbase submitted two filings to the SEC

    Form 1-N from Coinbase Derivatives, LLC and Form BD-N from Coinbase Financial Markets, Inc. were submitted.

    CryptoPotato

  2. First report

    First report by CryptoPotato

    Coinbase Files With SEC to Bring Single-Stock Perpetual Futures to US Investors

    CryptoPotato

  3. Update

    Coinbase announced the filings via official account

    The company shared images of the filings and stated plans to bring single stock perps to the US.

    CryptoPotato

Affected entities

Original sources

PublisherReportRolePublished
CryptoPotato
Crypto media
Coinbase Files With SEC to Bring Single-Stock Perpetual Futures to US InvestorsOriginal