Coinbase has rolled out stock perpetual futures for eligible traders outside the United States, effective March 20, 2026. The product gives traders leveraged, synthetic exposure to publicly listed US stocks, operating around the clock, seven days a week.

The move puts Coinbase among the first major centralized platforms to offer this product. Until now, most of this trading activity sat on decentralized venues, pulling billions in daily volume.

24/7 Equity Access on a Regulated Platform

At launch, the available assets include the Magnificent 7 stocks: Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta Platforms, and Tesla. ETF perpetual futures on SPY and QQQ are also live where permitted. Coinbase says it will expand the lineup over time, adding more equities across sectors alongside indices and commodities.

Leverage caps sit at 10x on single-name stocks and 20x on ETF perps. All contracts settle in USDC on crypto rails. Cross-margining across perpetual futures and spot positions is included.

Retail access runs through Coinbase Advanced and its APIs. Institutions can access the product through Coinbase International Exchange. The underlying engine is the same one running Coinbase’s existing crypto derivatives markets.

The demand driving this launch is real. Traditional US equity markets run 24 hours, five days a week. Global events and macro data don’t pause for weekends. Decentralized platforms had captured that gap, but they lack the risk management structure of a regulated venue.

The “Everything Exchange” Push

“Coinbase introduces 24/7 stock perps with up to 10x leverage on equities and 20x on ETFs, settled in $USDC. The product is currently not available to U.S. users as Coinbase pushes its ‘everything exchange’ strategy globally,” according to Coin Bureau on X.

That framing is central to what Coinbase is building. The long-term goal is a single platform where traders can access crypto, traditional assets, and everything in between without switching venues. Stock perps are one piece of that.

For institutions specifically, the product opens weekend hedging, real-time exposure management, and cross-collateral efficiency within one derivatives setup. That matters when a macro event breaks on a Saturday and equity-linked positions need adjusting.

US persons cannot access the product. Certain other jurisdictions are also restricted. Coinbase confirmed it is working to expand availability to more regions.