US regulators greenlight crypto perpetuals — accumulate Coinbase on the new revenue wave
US regulators just gave the green light for a popular type of crypto trading contract—called perpetual futures—to be offered on American exchanges. Coinbase is one of the first platforms cleared to offer them, bringing a huge overseas market onto US soil.
Idea
Perpetual futures are the most heavily traded crypto product globally, but until now they've only been available on offshore exchanges. Bringing them onshore to regulated US platforms like Coinbase opens up a massive new revenue stream—think trading fees, margin interest, and institutional inflows that previously went to Binance or Bybit. This is the single biggest regulatory catalyst for crypto exchanges since the spot Bitcoin ETF approvals. Coinbase, already a trusted US brand, gets first-mover advantage among regulated platforms. If even a fraction of the offshore perpetual volume migrates onshore, it would materially boost Coinbase's trading revenue.