Coinbase Rolls Out 24/7 Stock Perps for the 'Mag 7' (Sorry, U.S. Degens, You're Grounded)

Coinbase is now serving up stock perpetual futures to eligible traders outside the U.S., bolting round‑the‑clock equity exposure onto its global crypto derivatives menu. The new contracts let users place synthetic, leveraged bets on a handpicked list of liquid U.S. stocks and ETFs, all from the comfort of a centralized, regulated platform—no bridging to a sketchy DApp required.

This launch positions Coinbase as one of the first major CEXs to offer stock perps, a product that’s already the bread and butter of degen traders on-chain. By enabling 24/7 trading, including weekends when traditional markets are catching up on sleep, the exchange is quietly stacking another brick toward its "everything exchange" dream, where crypto, boomer assets, and memecoins can all live under one heavily regulated roof.

For the opening act, the perpetual futures are pegged to the so‑called Magnificent 7: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. Perps linked to the S&P 500 and Nasdaq‑100 ETFs are also on the menu in select jurisdictions. Traders can crank the leverage up to a degen-friendly 10× on single‑stock contracts and a truly spicy 20× on ETF contracts, with everything settled in USDC over crypto rails—because using actual dollars would be far too traditional.

The products support cross‑margining between perpetual futures and spot positions and are open to retail users via Coinbase Advanced, as well as to institutions through Coinbase International Exchange. This move follows a recent European derivatives push, where Coinbase started offering crypto futures in 26 countries through its MiFID‑regulated entity, including a "Mag7 + Crypto Equity Index" for those who like their exposure with a side of volatility.

Not to be left out, Coinbase is also beefing up its institutional plumbing with unified cross‑margining across spot and derivatives via Coinbase Prime, all in the noble pursuit of better capital efficiency and streamlined portfolio management—because even whales hate having their funds locked up.

A crucial disclaimer for stateside traders: these stock perpetual futures are not available to U.S. users and may be geo‑fenced in other regions. Coinbase says it plans to gradually add more equities, indices, commodities, and other globally traded assets, presumably as soon as the demand—and the regulatory green lights—dictate.