Coinbase offers stock futures to non-U.S. customers

Coinbase is expanding its derivatives offerings by introducing perpetual stock futures contracts for eligible non-U.S. retail and institutional traders. These contracts allow leveraged positions on major U.S. equities, including the 'Magnificent 7' companies, and ETFs tracking the S&P 500 and Nasdaq 100. The products trade 24/7, are cash-settled in USDC, and offer leverage up to 10x on single stocks and 20x on ETFs. This move aligns with Coinbase's 'Everything Exchange' strategy, aiming to broaden its product suite beyond cryptocurrencies and meet growing demand for round-the-clock equity exposure.