Coinbase makes its first move toward 24/7 leveraged stock contracts in the US

Coinbase has filed notices with the Securities and Exchange Commission for its derivatives exchange and brokerage as it pursues a U.S. market for perpetual contracts tied to individual stocks. These contracts would follow a company’s share price without giving traders the shares themselves, so they would not come with dividends or voting rights. Because they have no set expiry, can trade around the clock, and use leverage, they would let investors take amplified long or short positions beyond normal stock-market hours. Coinbase already offers similar products outside the U.S.; the filing is an attempt to bring a crypto-market trading format into regulated American markets, not an approval or a launch announcement.