{ "version": 1, "event_id": "evt_07a478008f25c627", "url": "https://xiyu.news/events/evt_07a478008f25c627/", "json": "https://xiyu.news/api/events/evt_07a478008f25c627.json", "type": "regulatory_action", "status": "monitoring", "category": "policy", "title": { "zh": "Coinbase 向 SEC 申请上线 24/7 股票永续合约", "en": "Coinbase seeks SEC greenlight to list 24/7 equity perpetuals - The Block" }, "current_state": { "zh": "据 The Block 报道，Coinbase 已向美国证券交易委员会（SEC）申请上线 24/7 股票永续合约。该产品将允许围绕传统股票或指数的标的进行全天候、带杠杆的交易。\n\n这标志着美国主流交易所试图在 SEC 的监管框架下，将加密风格的永续合约引入传统股票领域。若获批准，将模糊加密衍生品与股票交易之间的界限，扩大 Coinbase 的产品范围，并为其他平台开创先例。\n\n股票永续合约是一种无到期日、以现金结算的合成衍生品，可对 Apple、Tesla 等个股或 SPY 等指数提供杠杆敞口。目前这一申请仍处于报送阶段，SEC 尚未批准或否决，也没有确认的上线时间表。", "en": "Coinbase has applied to the SEC for permission to list 24/7 equity perpetuals, a new product that would allow round-the-clock trading of equity-based instruments." }, "first_seen_at": "2026-09-03T22:43:22.863694+00:00", "last_updated_at": "2026-09-03T22:43:24.622412+00:00", "last_material_change_at": "2026-09-03T22:43:22.863694+00:00", "confidence": 0.75, "updates_count": 1, "sources_count": 3, "entities": [ "block", "coinbase", "equity-perpetuals", "sec" ], "identifiers": [], "topics": [ "coinbase", "equity-perpetuals", "sec" ], "updates": [ { "update_id": "upd_020e68439ae077f1", "event_id": "evt_07a478008f25c627", "occurred_at": "2026-09-03T20:46:52Z", "published_at": "2026-09-03T20:46:52Z", "first_seen_at": "2026-09-03T22:43:22.863694Z", "time_precision": "published", "update_type": "initial", "material_change": true, "title_zh": "Coinbase 向 SEC 申请上线 24/7 股票永续合约", "title_en": "Coinbase seeks SEC greenlight to list 24/7 equity perpetuals - The Block", "what_changed_zh": "据 The Block 报道，Coinbase 已向美国证券交易委员会（SEC）申请上线 24/7 股票永续合约。该产品将允许围绕传统股票或指数的标的进行全天候、带杠杆的交易。\n\n这标志着美国主流交易所试图在 SEC 的监管框架下，将加密风格的永续合约引入传统股票领域。若获批准，将模糊加密衍生品与股票交易之间的界限，扩大 Coinbase 的产品范围，并为其他平台开创先例。\n\n股票永续合约是一种无到期日、以现金结算的合成衍生品，可对 Apple、Tesla 等个股或 SPY 等指数提供杠杆敞口。目前这一申请仍处于报送阶段，SEC 尚未批准或否决，也没有确认的上线时间表。", "what_changed_en": "Coinbase has applied to the SEC for permission to list 24/7 equity perpetuals, a new product that would allow round-the-clock trading of equity-based instruments.", "current_state_zh": "据 The Block 报道，Coinbase 已向美国证券交易委员会（SEC）申请上线 24/7 股票永续合约。该产品将允许围绕传统股票或指数的标的进行全天候、带杠杆的交易。\n\n这标志着美国主流交易所试图在 SEC 的监管框架下，将加密风格的永续合约引入传统股票领域。若获批准，将模糊加密衍生品与股票交易之间的界限，扩大 Coinbase 的产品范围，并为其他平台开创先例。\n\n股票永续合约是一种无到期日、以现金结算的合成衍生品，可对 Apple、Tesla 等个股或 SPY 等指数提供杠杆敞口。目前这一申请仍处于报送阶段，SEC 尚未批准或否决，也没有确认的上线时间表。", "current_state_en": "Coinbase has applied to the SEC for permission to list 24/7 equity perpetuals, a new product that would allow round-the-clock trading of equity-based instruments.", "detailed_summary_zh": "Coinbase has applied to the SEC for permission to list 24/7 equity perpetuals, a new product that would allow round-the-clock trading of equity-based instruments.", "detailed_summary_en": "Coinbase has applied to the SEC for permission to list 24/7 equity perpetuals, a new product that would allow round-the-clock trading of equity-based instruments.", "background_zh": "永续期货最早由经济学家罗伯特·席勒于 1992 年提出，后来在加密货币市场流行起来，它允许交易者在不持有标的资产的情况下进行杠杆交易或对冲。股票永续（Equity Perps，即股票永续互换）是一种加密原生产品，将该机制运用于股票和指数，常见于 BitMEX 等平台。Coinbase 已运营加密衍生品业务，要在美国上线股票永续，需要在传统上仅存在于离岸或严格证券监管之外的领域获得 SEC 的认可。", "background_en": "Perpetual futures were first proposed by economist Robert Shiller in 1992 and later popularized in crypto markets, where they allow leveraged speculation without owning the underlying asset. Equity perps (equity perpetual swaps) are a crypto-native product that brings this mechanics to stocks and indices, typically on platforms like BitMEX. Coinbase already operates crypto derivatives, and adding equity perps in the U.S. would require SEC cooperation on a product traditionally available only offshore or outside strict securities rules.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "若申请获批，美国股票交易流可能经由加密原生平台进行，并提升对以稳定币作为 Coinbase 保证金的需求，从而将加密市场与传统股票市场流动性联系起来。短期内，该消息主要影响市场对美国受监管加密平台（如 Coinbase）的情绪，而非特定加密资产的价格。", "market_impact_en": "The application, if granted, could channel U.S. equity trading flow through crypto-native venues and increase demand for stablecoins as margin on Coinbase, linking crypto and equity market liquidity. Near term, the news mainly affects sentiment toward U.S.-regulated crypto venues such as Coinbase rather than any specific crypto asset price.", "importance_score": 7.5, "references": [ { "url": "https://en.wikipedia.org/wiki/Perpetual_futures", "title": "Perpetual futures - Wikipedia" }, { "url": "https://www.bitmex.com/blog/what-are-equity-perps", "title": "Equity Perpetuals Explained: Trade Stocks when Markets are Closed" }, { "url": "https://www.investopedia.com/what-are-perpetual-futures-7494870", "title": "Understanding Perpetual Futures: A Guide for Cryptocurrency Traders" } ], "confidence": 0.75, "story_ids": [ "google_news:article:63055231a374e53d", "rss:www.theblock.co_rss.xml:6cfb2066b96dfafb", "google_news:article:41dabfa5726c2236" ], "sources": [ { "url": "https://news.google.com/rss/articles/CBMiugFBVV95cUxNSDdIVFVVVVBVcU1SMGxjeHNBMk9lX1dVOFVVSjJienhTeThncno2bGdrWkFmN3ZLamNJWDFJYnBsc0ozUVhfZDN6NjZfYTFYZEFGSm1nNzk2eElOOWxqQTFwYmcxNDdBd25PT0ctWFBvNXVkOWNqTDNnN1ZySkZWdWV3bnZ3d2lLQlVuR0xNVnB5cDNuR2t3OGdpX0hqV0NGU09QNS1hNUJYNXFoUUtieWY1WWdYNzVTM0E?oc=5", "label": "The Block", "source_type": "google_news", "official": false }, { "url": "https://www.theblock.co/news/regulation/2026-09-03-coinbase-seeks-sec-greenlight-to-list-24-7-equity-perpetuals-413487", "label": "The Block", "source_type": "rss", "official": false }, { "url": "https://news.google.com/rss/articles/CBMiV0FVX3lxTE55OVdVXzFybW1TcWVEZUg0RHF2d1JHVTg1VW93QnhxR0Zxb2dTSUhPRjRyQ1dGb3gxbGVSN1NuMG1mV2praU9ZT3JSb3I4SDhSMGM1YWZsUQ?oc=5", "label": "Cryptonews.net", "source_type": "google_news", "official": false } ] } ] }