US finally lets crypto perpetuals trade onshore — long Coinbase as the big winner
US regulators just gave the green light for crypto perpetual futures — the most popular crypto trading product in the world — to be offered on American soil for the first time. Coinbase is one of the first platforms approved to offer them.
Idea
Perpetual futures are the single most-traded crypto instrument on the planet — trillions in volume every month — but until now almost all of that activity has happened on offshore, unregulated exchanges. Bringing this product onshore to regulated US platforms is a structural shift, not a one-day headline. Coinbase is the clear front-runner: it's already approved, already has the largest US customer base, and stands to capture a brand-new revenue stream that simply didn't exist before for any American company. This isn't just a short-term pop — it permanently expands how much money Coinbase can make from traders who want leveraged crypto exposure without leaving a regulated platform.