On the 18th, major U.S. cryptocurrency exchange Coinbase announced that it has applied to the U.S. Commodity Futures Trading Commission (CFTC) for the listing of perpetual futures targeting individual stocks. The company claims this is the first application for listing perpetual futures on individual stocks in the U.S. market.
Perpetual futures are futures contracts without an expiration date, utilizing a mechanism called the funding rate to align prices closely with the underlying assets. The key feature is the ability to maintain leveraged positions indefinitely.
Coinbase is targeting stocks such as Apple and...