Coinbase Files With CFTC to List US Single-Stock Perpetual Futures, Including TSLA

Coinbase has filed with the U.S. Commodity Futures Trading Commission (CFTC) seeking to list single-stock perpetual futures contracts in the United States, according to a report from Stocktwits. The filing reportedly includes contracts tied to Tesla (TSLA) and Apple (AAPL) shares, marking an effort by the crypto exchange to expand its derivatives offerings into equity-linked products.

What the Filing Covers

Perpetual futures are derivative instruments that, unlike traditional futures contracts, carry no expiration date. Traders can hold positions indefinitely, with periodic funding-rate payments exchanged between long and short holders to keep the contract price anchored to the underlying asset. This structure has been widely used on offshore and crypto-native trading platforms for years, but has faced regulatory hurdles for broader adoption within the U.S. market. Coinbase's filing with the CFTC represents an attempt to bring these products under formal U.S. regulatory oversight.

Why TSLA Is Included

By naming Tesla alongside Apple in its application, Coinbase is signaling interest in offering perpetual exposure to some of the most actively traded U.S. equities. For Tesla specifically, an approved listing could give traders an additional regulated venue to take leveraged, expiration-free positions on TSLA shares, supplementing the stock's existing options and futures markets. The filing does not, according to the report, specify contract terms such as leverage limits, margin requirements, or a target launch date.

Any such contracts would require CFTC review and formal approval before trading could begin. Stocktwits' report did not include a timeline for the regulator's decision or further detail on how the perpetual futures would be structured once live.

Source: Stocktwits