Coinbase files with CFTC for cash-settled single-stock and ETF perpetual futures

Coinbase Derivatives has filed a rule change with the CFTC to create a framework for cash-settled futures on individual stocks and ETF shares, including single-stock perpetual futures with no fixed expiry, per an SEC filing. The contracts would be cash-settled, with no delivery and no ownership of the underlying securities; the filing targets around 50-60 large-cap names, the Wall Street Journal reports.

Detected & updated continuously · Source: Nebula