{ "version": 1, "event_id": "evt_c50722fab4c3608f", "url": "https://xiyu.news/events/evt_c50722fab4c3608f/", "json": "https://xiyu.news/api/events/evt_c50722fab4c3608f.json", "type": "regulatory_action", "status": "monitoring", "category": "policy", "title": { "zh": "Coinbase 申请以证券期货形式推出美股永续合约，CME 诉讼蒙阴影", "en": "Coinbase Files SEC Notices to Bring Single-Stock Perpetuals to U.S. - Coin Edition" }, "current_state": { "zh": "Coinbase 已正式面向美国客户推出 24/7 股票永续合约，此前已提交 SEC 通知并面临 CME 诉讼，但实际推出已实现。", "en": "Coinbase has launched 24/7 stock perpetuals for US customers, following its SEC filings and pending CME lawsuit, with the product now live." }, "first_seen_at": "2026-09-04T08:58:13.576688+00:00", "last_updated_at": "2026-09-05T04:52:55.898762+00:00", "last_material_change_at": "2026-09-05T04:52:55.898762+00:00", "confidence": 0.75, "updates_count": 3, "sources_count": 3, "entities": [ "bring", "brings", "clouds", "cme", "coin", "coinbase", "domestic", "edition", "files", "futures", "launch", "news", "notices", "perpetuals", "perps", "sec", "security-futures", "single", "single-stock-perpetuals", "stock", "suit", "tech", "times", "under" ], "identifiers": [], "topics": [ "cme", "coinbase", "crypto-regulation", "exchange-announcement", "perpetual-futures", "perpetuals", "sec", "security-futures", "single-stock-perpetuals", "stock-derivatives", "us-markets" ], "updates": [ { "update_id": "upd_79ca8aad537725b2", "event_id": "evt_c50722fab4c3608f", "occurred_at": "2026-09-03T21:00:17Z", "published_at": "2026-09-03T21:00:17Z", "first_seen_at": "2026-09-04T08:58:13.576688Z", "time_precision": "published", "update_type": "initial", "material_change": true, "title_zh": "Coinbase向SEC提交通知，拟在美国推出个股永续合约 - Coin Edition", "title_en": "Coinbase Files SEC Notices to Bring Single-Stock Perpetuals to U.S. - Coin Edition", "what_changed_zh": "Coinbase已向SEC提交通知，计划向美国客户提供个股永续合约，这标志着受监管加密衍生品可能进一步扩张。", "what_changed_en": "Coinbase has filed SEC notices to offer single-stock perpetuals to U.S. customers, marking a potential expansion of regulated crypto derivatives.", "current_state_zh": "Coinbase已向SEC提交通知，计划向美国客户提供个股永续合约，这标志着受监管加密衍生品可能进一步扩张。", "current_state_en": "Coinbase has filed SEC notices to offer single-stock perpetuals to U.S. customers, marking a potential expansion of regulated crypto derivatives.", "detailed_summary_zh": "Coinbase has filed SEC notices to offer single-stock perpetuals to U.S. customers, marking a potential expansion of regulated crypto derivatives.", "detailed_summary_en": "Coinbase has filed SEC notices to offer single-stock perpetuals to U.S. customers, marking a potential expansion of regulated crypto derivatives.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.5, "references": [], "confidence": 0.75, "story_ids": [ "google_news:article:b1f1960d762922ed" ], "sources": [ { "url": "https://news.google.com/rss/articles/CBMirAFBVV95cUxOQW9JdGtUUURsZmpwRmNuNG9PWkdKdW1GaDZ6TzJ1R1pJRWd4elp3MVdzX1VmWl8zTlZvbzRReWVWYnFvX3VmQmgyQ1lOSWJ3akx4ajFPT1lnM1hzYm5ONUJYWnEwVmgybUdpSkRyWnRaQ3lGUi1xTGJHcGFwUjdGS1hjRmRGeGNnMXFPdTBhZjlFWjZWek5yV3hudTNOVFJQSXRmRDhvczhxX3NW?oc=5", "label": "Coin Edition", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_69d9cf2636cde77a", "event_id": "evt_c50722fab4c3608f", "occurred_at": "2026-09-04T18:59:27Z", "published_at": "2026-09-04T18:59:27Z", "first_seen_at": "2026-09-04T22:27:12.676368Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "Coinbase 申请以证券期货形式推出美股永续合约，CME 诉讼蒙阴影", "title_en": "Coinbase Files for Domestic Stock Perps Under Security Futures: CME Suit Clouds Launch - Tech Times", "what_changed_zh": "CME 提起诉讼，对 Coinbase 在美国推出单一股票永续合约的计划构成不确定性。", "what_changed_en": "CME has filed a lawsuit casting uncertainty over Coinbase's plan to launch single-stock perpetuals in the U.S.", "current_state_zh": "Coinbase 已根据证券期货规则提交国内股票永续合约申请，但面临 CME 诉讼，使推出前景不确定。", "current_state_en": "Coinbase has filed to offer domestic stock perpetuals under security-futures rules, but faces a CME lawsuit that clouds the launch.", "detailed_summary_zh": "Coinbase has filed to offer domestic stock perpetuals under security-futures rules, while a CME lawsuit casts uncertainty over the launch.", "detailed_summary_en": "Coinbase has filed to offer domestic stock perpetuals under security-futures rules, while a CME lawsuit casts uncertainty over the launch.", "background_zh": "永续合约是一种没有到期日的衍生品合约，在加密货币市场中最为常见。股票永续合约让用户能够在 24/7 全天候交易股票敞口，包括底层股票市场关闭的周末和节假日。在美国，'证券期货'是指单一股票或窄基指数的期货，由 SEC 和 CFTC 共同监管。", "background_en": "Perpetual futures are derivative contracts without an expiration date, most common in crypto markets. Stock perpetual futures (stock perps) let users trade exposure to equities around the clock — including weekends and holidays when the underlying stock market is closed. In the U.S., 'security futures' are futures on single stocks or narrow-based indexes, regulated jointly by the SEC and CFTC.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "如果该产品成功上线，Coinbase 受监管的产品可能为其交易所带来新增交易量，并将股票市场与加密货币式交易机制联系起来，影响投资者对冲或获取股票敞口的方式。不过，CME 的诉讼带来法律风险，可能影响 Coinbase 的推出时间表及相关市场情绪。", "market_impact_en": "If the listing proceeds, Coinbase's regulated product could channel new volumes into its exchange and link equity markets with crypto-style trading rails, potentially influencing how investors hedge or take equity exposure. The CME lawsuit, however, introduces legal risk that could affect Coinbase's launch timeline and related market sentiment.", "importance_score": 7.5, "references": [ { "url": "https://help.coinbase.com/en/international-exchange/stock-perpetual-futures-basics/what-are-stock-perpetual-futures", "title": "What are stock perpetual futures? | Coinbase Help" }, { "url": "https://www.bitgetapp.com/academy/how-to-trade-stock-perpetual-contracts-on-bitget-futures-2026-guide", "title": "How to Trade Stock Perpetual Contracts on Bitget Futures..." }, { "url": "https://beacontrade.io/learn/trade-stocks-24-7", "title": "Trade Stocks 24/7 - How Perpetual Futures Eliminate Market Hours" } ], "confidence": 0.92, "story_ids": [ "google_news:article:133eea585fbf1296" ], "sources": [ { "url": "https://news.google.com/rss/articles/CBMi0gFBVV95cUxORjlYZ2hfU0VwLUFYWlpEVVA4RkNiam1ZRHR2eUZkX2RidE5wWi1CZEpJMzdMZ0tmYnVuQUMyMFFfRGxFcWdYWVNjMjNiRlJzaHk0WTU0NzlqRnNBUmRKN2duTFNlYVREY2MyLVlraXpVNzkyQl9DYjVadnF1UU9lVG9Ra1ktd3BIdVRkNDNsMUIza0YwTkN1OWIya2JidF9hQm4wcUxjTTJKZmlWaXE3SFp3blh0cGhURTVQZFRQNmJJNkRYZ3lmRGJ2UkxISElJeGc?oc=5", "label": "Tech Times", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_78398b96b29a97a9", "event_id": "evt_c50722fab4c3608f", "occurred_at": "2026-09-04T20:54:59Z", "published_at": "2026-09-04T20:54:59Z", "first_seen_at": "2026-09-05T04:52:55.898762Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "Coinbase在美国推出24/7股票永续合约", "title_en": "Coinbase Brings 24/7 Stock Perpetuals to the US - Bitcoin News", "what_changed_zh": "Coinbase 宣布面向美国客户正式推出 24/7 股票永续合约，表明该产品已从申请阶段进入实际可用阶段。", "what_changed_en": "Coinbase announces the launch of 24/7 stock perpetuals for US customers, advancing the product from filing stage to availability.", "current_state_zh": "Coinbase 已正式面向美国客户推出 24/7 股票永续合约，此前已提交 SEC 通知并面临 CME 诉讼，但实际推出已实现。", "current_state_en": "Coinbase has launched 24/7 stock perpetuals for US customers, following its SEC filings and pending CME lawsuit, with the product now live.", "detailed_summary_zh": "Coinbase announces launch of 24/7 stock perpetuals for US customers, enabling round-the-clock trading of equity-linked derivatives.", "detailed_summary_en": "Coinbase announces launch of 24/7 stock perpetuals for US customers, enabling round-the-clock trading of equity-linked derivatives.", "background_zh": "永续合约是一种没有到期日的衍生品合约，它通过定期支付资金费率来锚定标的资产价格，而不是在固定日期交割。股票永续合约将这一机制应用于传统股票，使交易者能够以杠杆方式做多或做空股票，全程以USDC结算且无需持有股票本身。Coinbase此前已在其国际交易所提供该产品，此次将其推向美国合格客户，进一步拉近了加密原生工具与主流股票市场的距离。", "background_en": "Perpetual futures are derivative contracts with no expiration date; they track an underlying asset through periodic funding-rate payments rather than settling at a fixed expiry. Stock perpetuals apply this crypto-native mechanism to traditional equities, enabling traders to take leveraged long or short positions while settling in USDC and never owning the shares. Coinbase's move extends a product it already runs on its international exchange to eligible US customers, narrowing the gap between crypto-native instruments and mainstream stock markets.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "此次产品发布可能会吸引股票交易者进入Coinbase平台，增加USDC作为结算资产的使用量，并强化Coinbase作为混合交易所的地位。它还表明加密风格衍生品可在美国面向股票推出，可能影响市场对加密货币衍生品监管环境的预期；传导渠道主要是情绪和平台使用量驱动。", "market_impact_en": "This product launch may attract equity traders onto Coinbase's venue, potentially deepening usage of USDC as the settlement asset and reinforcing Coinbase's hybrid exchange model. It also signals that crypto-style derivatives can be offered in the US for equities, which may influence market expectations about the regulatory environment for crypto derivatives; the transmission channel is primarily sentiment and platform-usage driven.", "importance_score": 8.0, "references": [ { "url": "https://help.coinbase.com/en/international-exchange/stock-perpetual-futures-basics/what-are-stock-perpetual-futures", "title": "What are stock perpetual futures? | Coinbase Help" }, { "url": "https://www.coinbase.com/learn/perpetual-futures/what-are-perpetual-futures", "title": "What are Perpetual Futures? | Coinbase" } ], "confidence": 0.9, "story_ids": [ "google_news:article:550e3f6c1e711ba9" ], "sources": [ { "url": "https://news.google.com/rss/articles/CBMiiAFBVV95cUxOQ09pcDVTNG5aU0pPSEZSb3h4dkZ4dElMZVJvQzMzdGlsa1FKdHdZOUNmYTNFanpYc2w1MXQ5N2l3NmNpNjlSNDJXMHRTbFpVclIxQmROcE01T3o0N3VseFlpQ2s1TG9ZNElmSERZaE9jOUk0TE5hY0VRcHdENUZGTDJQR2FqdmZz?oc=5", "label": "Bitcoin News", "source_type": "google_news", "official": false } ] } ] }