Coinbase filed two notices with the U.S. Securities and Exchange Commission (SEC) to obtain approval for its derivatives exchange and broker, aiming to offer single-stock perpetual trading in the United States. If approved, the product would allow U.S. citizens to trade stock perpetuals with leverage and no expiration date, leveraging a user base of over 75 million. The stock gained 10%, rising by $17.74, despite being down 15% year-to-date. Coinbase is now awaiting approval from the Commodity Futures Trading Commission (CFTC).
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