Coinbase Asks SEC for Approval to List Around-the-Clock Equity Perpetual Contracts
(46 days ago) · 1 source · Summarized by CryptoBipto
Coinbase has filed with the U.S. Securities and Exchange Commission seeking permission to list equity perpetual contracts that would trade 24 hours a day, seven days a week. The move would blend traditional stock market products with crypto-native trading infrastructure. The SEC has not yet responded to the request.
WHY IT MATTERS
Think of a perpetual contract like a bet on the price of a stock that never expires. In traditional markets, if you want to bet on a stock going up or down using a futures contract, that contract has a deadline. Perpetual contracts remove that deadline, letting you keep the position open as long as you want. This type of product is already very common in crypto trading outside the U.S. but has not been available on regulated U.S. platforms for stocks. If the SEC approves this, it could mean a crypto exchange like Coinbase starts competing more directly with traditional stock brokerages, and it could let people trade stock-linked products at any hour, including weekends, something that is not possible on the New York Stock Exchange today.
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