Coinbase Applies for Perpetual Futures on Apple, Tesla, Nvidia Stocks

Coinbase ($COIN) has reportedly applied for approval to offer perpetual futures trading on individual stocks of Apple ($AAPL), Tesla ($TSLA), and Nvidia ($NVDA) to U.S. investors. The products will allow traders to gain leveraged exposure without holding the underlying shares, operating 24 hours a day, five days a week. Decrypt reported that Coinbase submitted the application to the U.S. Commodity Futures Trading Commission (CFTC), detailing plans to launch perpetual futures on individual stock listings including Apple, Tesla, and Nvidia. The product release requires CFTC approval.