# US just legalized crypto futures — grab Coinbase before the revenue kicks in

_AI-generated trading idea · LONG · BTC, COIN_

> Canonical page: https://commonquant.ai/research/for-you/us-just-legalized-crypto-futures-grab-coinbase-before-the-re--6039d0f8-4c93-4f5c-a86d-b35eb331ebd9

The top U.S. derivatives regulator just gave the green light for crypto perpetual futures contracts to trade on American soil for the first time. Coinbase and Kalshi were specifically named as platforms moving forward with these products — bringing a hugely popular trading tool that until now only existed on offshore exchanges.

## Idea

Perpetual futures are the most popular crypto trading product in the world — tens of billions trade every day — but until now Americans had to use offshore exchanges to access them. The CFTC just changed that, and Coinbase is the biggest direct beneficiary because they received a specific no-action letter to proceed. This opens up an entirely new, high-margin revenue stream for Coinbase. When a major company gets a whole new business line handed to it by regulators, the stock tends to re-rate higher as analysts build the new revenue into their models.

## Key details

- Symbols: BTC, COIN
- Timeframes: 1D
- Tags: \#regulatory\_catalyst, \#crypto, \#derivatives

## Community

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## News sources

- [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
- [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

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