# U.S. just legalized crypto's most popular trading product — buy Coinbase before it launches

_AI-generated trading idea · LONG · COIN_

> Canonical page: https://commonquant.ai/research/for-you/u-s-just-legalized-crypto-s-most-popular-trading-product-buy--ffa18208-bb36-4de8-9d3b-2f986023b13a

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 prediction-market platform Kalshi are the first in line to offer these products, which have historically been the most popular crypto trading instrument worldwide but only available on offshore exchanges.

## Idea

Perpetual futures are the single most-traded crypto product globally — they account for the vast majority of crypto trading volume — but until now Americans had to use offshore exchanges to access them. Bringing them onshore to a regulated platform like Coinbase is like opening a toll booth on a highway that millions of cars already drive on. Coinbase will collect fees on every trade and can now compete directly with Binance and other offshore giants for U.S. traders who want leverage. This is a new recurring revenue stream that wasn't on anyone's financial model last quarter, which means analysts will likely raise their estimates in the coming weeks.

## Key details

- Symbols: COIN
- Timeframes: 1D
- Tags: \#regulatory\_catalyst, \#crypto, \#revenue\_expansion

## 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

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