U.S. regulators just unlocked the most popular crypto trading product — buy Coinbase before it launches
The main U.S. derivatives regulator just said crypto perpetual futures contracts — the most popular crypto trading product worldwide — can now be offered on regulated American platforms. Coinbase is one of the first in line to launch these products, which until now were only available on overseas exchanges.
Idea
Perpetual futures are the most-traded crypto product in the world, responsible for trillions in monthly volume on offshore exchanges like Binance. Until now, everyday U.S. investors couldn't easily access them on a regulated platform. Coinbase getting the green light to offer these contracts is like a retailer getting exclusive rights to sell the hottest product in its industry — it should meaningfully boost trading revenue. While Bitcoin itself is under pressure from Iran tensions and ETF outflows, this specific news benefits Coinbase the company, not the price of Bitcoin. That makes COIN a way to bet on crypto's growth without tying your fate to where BTC heads next week.