Coinbase and Deribit launch six equity perpetual futures markets
- —Contracts on CRWV, ORCL, DELL, PLTR, SOXS and SNXX trade 24/7
- —Margin and settlement are in USDC, with no physical stock delivery
- —Leverage up to 50x: a 2% adverse move can wipe out posted margin
- —Products are unavailable to US persons due to regulatory restrictions
Why it matters: The rollout expands Coinbase's product line after its $2.9 billion Deribit acquisition and ties USDC demand more closely to derivatives activity beyond crypto.
Source: Crypto Briefing