Coinbase and Deribit Launch Six New Equity Perpetual Futures for Non-US Traders

Coinbase and Deribit have launched six new equity perpetual futures markets, offering non-US traders 24/7 leveraged exposure to individual stocks and ETF-linked underlyings. The new contracts, which went live on October 14, 2026, at 10:00 AM UTC, settle in USDC and utilize a funding mechanism to maintain price anchoring. US persons are explicitly excluded from these products due to regulatory restrictions.

This launch represents a significant step in Coinbase’s strategy to broaden its derivatives offerings beyond cryptocurrency, aligning with its broader ambition to become an “Everything Exchange” that unifies trading across multiple asset classes. The integration of the recently acquired Deribit platform, completed in early October 2026, was a foundational element for this expansion. Coinbase acquired Deribit in August 2025 for approximately $2.9 billion.

The six new markets include contracts for CoreWeave (CRWV), Oracle (ORCL), Palantir Technologies (PLTR), Dell (DELL), SOXS, and SNXX. Notably, SOXS tracks the Direxion Daily Semiconductor Bear 3X Shares ETF. These contracts allow traders to gain leveraged exposure to the price movements of these underlying assets without directly owning them. The trading operates on a 24/7 schedule, a departure from traditional stock exchange hours, enabling traders to react to news and market developments around the clock.

Leverage of up to 50x is available on some of these products. Perpetual futures contracts, unlike traditional futures, do not have an expiry date. To ensure their prices remain anchored to the underlying asset’s price, they employ a funding mechanism. Periodically, traders on one side of the market pay traders on the other. If the perpetual contract trades above the underlying asset’s price, holders of long positions pay holders of short positions, and vice versa if it trades below. This mechanism is crucial for the stability and accuracy of the contract pricing.

The exclusion of US persons from these new markets underscores the current regulatory landscape in the United States. Coinbase is effectively developing this product line for a global audience outside the US. This strategic focus on international markets has been evident in previous rollouts, including international contracts and thematic index products introduced earlier in 2026. The March and June 2026 rollouts of equity perpetuals also paved the way for this latest expansion.

The settlement of all six contracts in USDC further integrates the stablecoin into a wider range of derivatives activities beyond traditional cryptocurrency trading. This provides an additional use case for USDC, tying its demand more closely to derivatives activity. The pooling of activity through the integrated Coinbase and Deribit platforms aims to widen access to equity-focused futures for international traders.

While the launch offers new opportunities for non-US traders, potential shifts in the US regulatory framework could influence future access. The specific details of the funding mechanism’s effectiveness in all market conditions also represent an area of ongoing observation. The successful integration of Deribit and the phased rollout of equity perpetuals suggest Coinbase’s intent to continue expanding its derivatives offerings.

Why This Matters

The materials describe a narrow update: Coinbase and Deribit launched six new equity perpetual futures markets, offering non-US traders 24/7 leveraged exposure to individual stocks and ETF-linked underlyings. The exact impact of potential shifts in the US regulatory framework on access to these products.

Broader Context

Source materials place the factual news in this context: Coinbase acquired Deribit for approximately $2.9 billion in August 2025.