# U.S. just legalized crypto perps — Coinbase is first in line to profit

_AI-generated trading idea · LONG · BTC, COIN_

> Canonical page: https://commonquant.ai/research/for-you/u-s-just-legalized-crypto-perps-coinbase-is-first-in-line-to--924ecfa3-1ec9-49be-bf8d-cdf3071bedc2

U.S. regulators just gave the green light for crypto perpetual futures contracts — a super-popular trading tool that until now was only available on overseas exchanges. Coinbase and Kalshi are first in line to offer them to American traders.

## Idea

Perpetual futures are the most-traded crypto product in the world, and until now Americans had to use offshore exchanges to access them. Bringing them onshore is a huge revenue opportunity for Coinbase — they'll collect fees on every trade. This is the kind of structural change that can boost a company's earnings power for years, not just days. Even though Bitcoin ETFs have been seeing outflows lately, this is a different catalyst entirely: it's about Coinbase's business model expanding, not just the price of Bitcoin. If crypto traders flock to Coinbase's new perps product, the stock could ride a second wave of enthusiasm.

## Key details

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

## Community

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## News sources

- [CFTC backs crypto perpetual contracts, issues advisory on 24/7 trading](https://cointelegraph.com/news/cftc-crypto-perpetual-contracts-trading-advisory) — Cointelegraph
- [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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