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US regulators just approved crypto perpetual futures — buy Coinbase on the new revenue catalyst

The main US derivatives regulator has officially cleared the way for cryptocurrency perpetual futures to trade on American soil. Coinbase is one of the first platforms set to offer this popular trading product to US customers.

Idea

Perpetual futures are the most heavily traded crypto product globally, generating massive fee revenue for exchanges, but they've been mostly unavailable in the US until now. With the CFTC giving the green light, Coinbase (COIN) is positioned to capture a huge new revenue stream from American traders who previously had to use offshore exchanges. This is a major fundamental catalyst that should drive Coinbase's stock higher as the market prices in these future earnings.

Key details

COINdaily#crypto#regulation#exchange

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