Coinbase Launches Stock Perpetual Futures Contracts for Non-U.S. Traders

Coinbase Global has launched perpetual futures contracts for non-US traders, enabling them to take leveraged positions in tech stocks like Apple, Nvidia, and Tesla. The contracts are cash-settled in USDC and offer up to 10-times leverage on single-stock contracts and up to 20-times on ETF products. Coinbase aims to expand its platform beyond cryptocurrency trading to become an "everything exchange." COIN stock has declined 17% this year.