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Regulators greenlight crypto perpetual contracts in the US — long Coinbase as new trading goes live

U.S. regulators just paved the way for crypto perpetual futures contracts to be legally offered in the country, approving platforms like Coinbase to offer them.

Idea

Perpetual futures are the most popular crypto trading product globally, but until now they have mostly existed on offshore, unregulated exchanges. With the CFTC giving the green light for platforms like Coinbase to offer these products onshore, it opens up a massive new revenue stream. Coinbase stands to capture the lion's share of this newly legalized market, which could significantly boost the company's trading volumes over the coming year. Traders looking to gain exposure to this structural regulatory win can buy Coinbase stock as it expands its product suite.

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COIND1#crypto#regulation#growth

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