Coinbase Launches US500 Perpetual Contract Tracking S&P 500 Index

Coinbase introduces US500 perpetual futures tied to S&P 500, enabling crypto-collateralized equity exposure and bridging TradFi with digital asset trading.

Woofun AI reports that Coinbase has announced support for the US500 perpetual contract, a derivative tracking the S&P 500 Index. This instrument allows traders to gain exposure to U.S. equities using cryptocurrency as collateral without requiring traditional brokerage accounts. The platform joins competitors like Binance and Bybit in offering index-based perpetuals, aiming to bridge traditional finance and crypto markets. Details regarding specific launch timing and trading features remain to be disclosed.