# U.S. just greenlit crypto perpetual futures — long Coinbase before the trading volume floodgates open

_AI-generated trading idea · LONG · COIN_

> Canonical page: https://commonquant.ai/research/for-you/u-s-just-greenlit-crypto-perpetual-futures-long-coinbase-bef--2f5c7cae-d085-4101-914e-4cb5981e9703

The top U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to trade on American exchanges for the first time. Coinbase and Kalshi are already moving forward to offer these products, which have historically only been available on offshore platforms.

## Idea

Perpetual futures are the most popular crypto trading product in the world, generating massive fee revenue for exchanges — but until now they've been banned in the U.S. Coinbase being first in line to offer them means a brand-new, high-margin revenue stream is about to open up. The CFTC explicitly granting a no-action position for Coinbase gives it a first-mover advantage that competitors will take months to match. When exchanges add a major new product category, trading volume and fee income tend to surge in the quarters that follow. The stock hasn't fully priced this in yet because the news just broke today.

## Key details

- Symbols: COIN
- Timeframes: D
- Tags: \#crypto, \#regulatory, \#catalyst

## Community

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## News sources

- [CFTC opens door for crypto perpetual future contracts in US as Coinbase, Kalshi move forward](https://www.theblock.co/post/403040/cftc-opens-door-for-crypto-perpetual-future-contracts-in-us-as-coinbase-kalshi-move-forward) — The Block
- [US Paves Way for Onshore Crypto-Linked Perpetual Futures](https://www.bloomberg.com/news/articles/2026-05-29/us-paves-way-for-onshore-crypto-linked-perpetual-futures) — Bloomberg

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