U.S. regulators just unlocked crypto perpetuals — buy Coinbase before the volume surge hits
The top U.S. derivatives regulator just gave the green light for crypto perpetual futures contracts to trade on American exchanges. Coinbase and Kalshi are among the first platforms cleared to offer them, bringing a hugely popular trading product onshore for the first time.
Idea
Perpetual futures are the most-traded crypto derivative globally, but until now they've only been available on offshore exchanges like Binance. Bringing them onshore to regulated U.S. platforms is a direct revenue catalyst for Coinbase, which will earn trading fees and expand its customer base. The news also legitimizes crypto derivatives in the U.S., which tends to lift overall market sentiment and trading volumes across Bitcoin and Ethereum. Coinbase stock has historically rallied 10-20% on major regulatory wins, and this is one of the biggest in years.