Overview
- Perpetual futures are now live on the Magnificent 7—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—with SPY and QQQ available in certain jurisdictions.
- Contracts trade continuously and are cash‑settled in USDC, with up to 10x leverage on single stocks and up to 20x on ETF products.
- The product uses Coinbase’s existing perpetuals risk engine with cross‑margining across futures and spot positions to improve capital efficiency.
- Access is offered to eligible retail users via Coinbase Advanced and APIs, and to institutions through Coinbase International Exchange.
- The service is restricted to non‑U.S. customers and is delivered through Coinbase Bermuda, positioned as a centralized, regulated option alongside venues like Hyperliquid.