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# Coinbase Asks SEC If It Can Sell Tesla Stock on Sundays
- URL: https://wire.fourthweb.ai/coinbase-asks-sec-if-it-can-sell-tesla-stock-on-sundays/
- Published: 2026-09-04T01:31:32.000Z
- Updated: 2026-09-04T01:31:33.000Z
- Description: Coinbase just asked regulators if it can sell Tesla stock that trades on Sundays, settling in USDC instead of dollars. Coinbase submitted a framework proposal to the SEC and CFTC to list equity perpetual contracts that would trade 24/7, outside traditional market hours
- Author: Travis Wright
- Tags: Real World Assets, Stablecoins, Institutional Crypto, Coinbase, Bitcoin

[**Coinbase**](https://wire.fourthweb.ai/tag/coinbase/) **just asked regulators if it can sell Tesla stock that trades on Sundays, settling in USDC instead of dollars.**

### The Summary

- [Coinbase submitted a framework proposal to the SEC and CFTC](https://www.theblock.co/news/regulation/2026-09-03-coinbase-seeks-sec-greenlight-to-list-24-7-equity-perpetuals-413487?ref=wire.fourthweb.ai) to list equity perpetual contracts that would trade 24/7, outside traditional market hours
- [The exchange simultaneously launched regulated crypto derivatives in Canada](https://cointelegraph.com/news/coinbase-launches-regulated-crypto-derivatives-in-canada?utm%5Fsource=rss%5Ffeed&utm%5Fmedium=rss&utm%5Fcampaign=rss%5Fpartner%5Finbound), offering perpetual and dated futures with up to 10x leverage to eligible traders
- The dual-jurisdiction push suggests Coinbase is threading the needle: build proof of concept in friendlier territory while negotiating the framework back home

### The Signal

[Coinbase's proposal to U.S. regulators](https://cryptobriefing.com/coinbase-sec-equity-perpetuals-registration/?ref=wire.fourthweb.ai) centers on equity perpetuals, derivative contracts that track stock prices without expiration dates. The kicker: these would trade around the clock and settle in [stablecoins](https://wire.fourthweb.ai/tag/stablecoins/). Traditional equity markets close. Crypto rails don't. Coinbase wants to bridge that gap with products that look like stocks, trade like crypto, and settle on-chain.

The timing matters. While the SEC weighs this framework, [Coinbase went live with crypto derivatives in Canada](https://cryptobriefing.com/coinbase-canada-leveraged-bitcoin-contracts/?ref=wire.fourthweb.ai), marking the country's first regulated 10x leveraged [Bitcoin](https://wire.fourthweb.ai/tag/bitcoin/) contracts. This isn't a coincidence. Canada's securities regulators already approved the product structure. Coinbase can point to a working, compliant model when the SEC asks "but how would this actually work?"

> "The exchange is offering eligible Canadian traders perpetual and dated futures as major US platforms expand north."

Here's what equity perpetuals would actually mean:

- Retail traders could short Tesla at 2am on a Saturday, settling in USDC
- No conversion to fiat required if you're already holding crypto
- Price discovery continues outside NYSE hours, reducing gap risk on Monday opens
- The derivatives settle to an index, not the underlying stock, so no actual equity custody issues

[The Canadian launch](https://cryptobriefing.com/coinbase-crypto-derivatives-canada/?ref=wire.fourthweb.ai) demonstrates the infrastructure already exists. Coinbase built the margin system, the liquidation engine, the compliance monitoring. They're not asking regulators to imagine a hypothetical product. They're asking permission to offer something that's already running, just with different underlying assets.

The regulatory strategy is clear: establish the template with crypto-native products in a jurisdiction that'll approve them, then expand the template to traditional assets where the real volume lives. U.S. equity markets trade $500 billion daily. Crypto perpetuals do maybe $100 billion across all exchanges. Equity perpetuals on crypto rails could be bigger than spot crypto trading.

### The Implication

Watch how the SEC responds. If they engage with the framework instead of rejecting it outright, we're looking at the first real merger of traditional finance settlement and crypto infrastructure at scale. Equity perpetuals aren't a crypto product pretending to be finance. They're a finance product that only makes sense on crypto rails.

For traders, this matters because it's the first time owning USDC might be more useful than owning dollars. If you can trade equity exposure 24/7 and settle in stablecoins, the friction of converting back to fiat starts looking like a tax on the old system, not a feature of the new one.

### Sources

[The Block](https://www.theblock.co/news/regulation/2026-09-03-coinbase-seeks-sec-greenlight-to-list-24-7-equity-perpetuals-413487?ref=wire.fourthweb.ai) | [Crypto Briefing](https://cryptobriefing.com/coinbase-sec-equity-perpetuals-registration/?ref=wire.fourthweb.ai) | [CoinTelegraph](https://cointelegraph.com/news/coinbase-launches-regulated-crypto-derivatives-in-canada?utm%5Fsource=rss%5Ffeed&utm%5Fmedium=rss&utm%5Fcampaign=rss%5Fpartner%5Finbound)