U.S. just legalized crypto perpetual futures — get long Coinbase before the new revenue hits
The top U.S. derivatives regulator just said crypto perpetual futures — a hugely popular trading product that until now only existed on offshore exchanges — can now be offered on American platforms like Coinbase.
Idea
Perpetual futures are the single most-traded crypto product worldwide, responsible for the majority of volume on exchanges like Binance. Until now, U.S. investors couldn't access them legally. The CFTC's green light means Coinbase — already a trusted, regulated U.S. platform — can capture a massive new revenue stream almost overnight. This isn't a vague sentiment shift; it's a concrete new product category with proven global demand. Even as Bitcoin ETFs have seen outflows recently, this structural expansion of Coinbase's business could drive the stock independently of crypto prices.