U.S. just legalized crypto perpetual futures — long Coinbase before the volume wave hits
The main 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 Kalshi are the first platforms approved to offer them — this brings a hugely popular crypto trading tool that until now only existed on offshore exchanges back into the regulated U.S. market.
Idea
Perpetual futures are the most-traded crypto instrument in the world — billions change hands every single day on offshore exchanges like Binance. Now that U.S. regulators are letting Coinbase offer these contracts domestically, a massive chunk of that trading volume could flow through Coinbase's platform, directly boosting their revenue. This isn't a vague regulatory thaw — it's a specific new product approval for a company that already has tens of millions of verified users ready to trade it. The stock hasn't fully priced in how much fees from perpetuals could move the needle.