Coinbase Derivatives, a CFTC-regulated exchange, is launching its US500 Equity Index Perp-Style Futures contract on August 17, tracking a benchmark that mirrors the S&P 500. The product offers up to 20x leverage and gives US traders leveraged access to the most-watched US equity benchmark through a crypto-native platform. Unlike traditional futures that expire on set dates, perpetual contracts have no expiration, with traders paying or receiving periodic funding rates to keep prices tethered to the underlying asset. Coinbase Derivatives is also seeking CFTC approval to integrate USDC as collateral for its futures products.
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