# US just legalized crypto perps for the first time — long Coinbase as the biggest winner

_AI-generated trading idea · LONG · BTC, COIN_

> Canonical page: https://commonquant.ai/research/for-you/us-just-legalized-crypto-perps-for-the-first-time-long-coinb--8c8832aa-883a-43a9-a4eb-e8ca6c6ed8cb

The main US derivatives regulator just cleared the way for crypto perpetual futures — a hugely popular trading product — to be offered legally on American exchanges for the first time. Coinbase and Kalshi are the first platforms moving forward to offer them.

## Idea

Perpetual futures are the most-traded crypto product globally, but until now they've only existed on offshore exchanges. Bringing them onshore to regulated US platforms like Coinbase unlocks a massive new revenue stream from trading fees. Coinbase is the largest publicly traded US crypto exchange and was specifically named in the CFTC's approval, giving it first-mover advantage. This is a structural, not cyclical, change to their business.

## Key details

- Symbols: BTC, COIN
- Timeframes: 1D
- Tags: \#crypto, \#regulation, \#momentum

## 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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