U.S. regulators just greenlit crypto perpetual futures — accumulate Coinbase ahead of the launch
The top U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to trade on American exchanges for the first time. Coinbase is among the first platforms approved to offer them.
Idea
Perpetual futures contracts are the most popular crypto trading product in the world, but they've only been available on offshore exchanges until now. Bringing them onshore to regulated U.S. platforms like Coinbase opens up a massive new revenue stream — these contracts generate enormous trading fees because they're used constantly by both speculators and hedgers. This is the single biggest regulatory win for a U.S. crypto company in years, and Coinbase is first in line to capture the demand. When exchanges gain access to a hot new product category, their stock tends to rally in the weeks that follow as investors price in the coming revenue boost.