Coinbase has introduced stock perpetual futures for eligible traders outside the United States, offering 24/7 leveraged exposure to major U.S. stocks and ETFs. This new product allows users to trade Apple, Nvidia, Tesla, and other prominent U.S. companies through a crypto-native market structure. The launch is part of Coinbase's strategy to evolve into an "everything exchange," extending its derivatives offerings beyond digital assets. The stock perpetual futures cover the Magnificent 7 stocks, including Apple, Microsoft, and Tesla, with up to 10x leverage on single-stock contracts and 20x on ETF perpetuals. Settlement is handled in USDC, and the platform supports cross-margining to enhance capital efficiency. While available to non-U.S. retail and institutional users, U.S. persons are excluded from accessing these contracts. Coinbase's move aligns with a broader industry trend towards perpetual contracts, offering round-the-clock trading access. This development follows Coinbase's recent expansion of futures access in Europe and aims to integrate crypto and traditional asset trading within a single infrastructure, signaling a shift in exchange competition.