U.S. regulators just greenlit crypto perpetual futures — long Coinbase on a brand new revenue stream
The main U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to be offered on American shores for the first time. Coinbase is one of the first platforms approved to offer these products, which have historically only existed on offshore exchanges.
Idea
Perpetual futures are the most popular crypto trading product in the world — they account for the vast majority of crypto trading volume globally — but until now they've only been available on offshore exchanges like Binance. The CFTC just changed that by giving Coinbase a green light to offer them in the U.S. This is a genuinely new revenue stream for Coinbase, one that could attract billions in trading volume from American customers who previously had no domestic option. Regulatory approval also removes the overhang of uncertainty that's been weighing on crypto-exchange stocks, which tends to unlock institutional buying.