# U.S. regulators just greenlit crypto perpetual futures — long Coinbase as the biggest onshore winner

_AI-generated trading idea · LONG · COIN_

> Canonical page: https://commonquant.ai/research/for-you/u-s-regulators-just-greenlit-crypto-perpetual-futures-long-c--4c85497b-c918-48c6-8f2b-9e2b61d28be2

The main U.S. derivatives regulator just said crypto perpetual futures — a hugely popular trading product that until now only existed on overseas exchanges — can now be offered in America. Coinbase and Kalshi are among the first platforms cleared to launch them.

## Idea

Perpetual futures are the most-traded crypto product in the world, handling trillions in monthly volume — but almost all of that activity has happened on offshore exchanges like Binance. Bringing this product onshore to regulated U.S. platforms is a big deal because it opens up a massive new revenue stream for Coinbase. Think of it like a casino finally getting permission to add its most popular game. Even though Bitcoin ETFs have been bleeding lately and BTC itself is below $73,000, this particular news isn't about crypto prices going up — it's about Coinbase capturing more of the trading ecosystem regardless of which direction Bitcoin moves. That makes it a cleaner trade than simply betting on Bitcoin itself.

## Key details

- Symbols: COIN
- Timeframes: 1D
- Tags: \#regulatory\_catalyst, \#crypto\_infrastructure, \#structural\_change

## 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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