Coinbase Expands Into Equities With 24/7 Stock Perpetual Futures for Global Traders

By Matt Brienen

Published: 2026-03-20T16:10:22+00:00

Coinbase is continuing its push toward becoming an “everything exchange,” rolling out stock perpetual futures contracts for non-U.S. customers—marking a major step in merging traditional equities with crypto-native trading infrastructure.

The newly launched products allow international traders to gain leveraged exposure to major U.S. stocks and ETFs through perpetual futures contracts, a structure that eliminates expiration dates and closely tracks underlying spot prices. These contracts trade 24/7, offering a key advantage over traditional equity markets, which are limited to standard trading hours.

Unlike conventional stock trading, the contracts are cash-settled in USDC, enabling seamless integration with crypto collateral and capital efficiency across portfolios. Traders can access up to 10x leverage on single-stock contracts and up to 20x on ETF-based products, significantly amplifying both opportunity and risk.

The offering is available to retail users via Coinbase Advanced and to institutions through Coinbase International Exchange, but remains restricted to non-U.S. customers due to regulatory constraints.

This launch reflects a broader shift in global markets, where perpetual futures—already dominant in crypto derivatives—are now being applied to equities. The move also aligns with Coinbase’s broader strategy to unify crypto, equities, and derivatives into a single platform, giving traders continuous access to markets regardless of geography or traditional trading hours.

As demand for around-the-clock trading and capital-efficient exposure grows, Coinbase’s expansion into stock perps signals a deeper convergence between traditional finance and crypto-native infrastructure—one where markets never close.