Coinbase filed preliminary notice registrations with the SEC on September 1 to offer single-stock perpetual futures in the United States. The company submitted a Form 1-N through Coinbase Derivatives, LLC and a Form BD-N through Coinbase Financial Markets, Inc. as a security futures product broker-dealer under the Securities Exchange Act of 1934. These filings are part of a broader strategy to bring regulated derivatives products to the US market, alongside the launch of tokenized products for non-US customers. The perpetual futures market has grown exponentially, with volume reaching approximately $12 billion, representing more than a tenfold increase since May.
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