US regulators just unlocked crypto perpetual futures — long Coinbase as it captures a massive new revenue stream
U.S. regulators just gave the green light for crypto perpetual futures contracts to trade on American exchanges for the first time. Coinbase and Kalshi are first in line to offer these popular trading products that until now only existed on offshore platforms.
Idea
Perpetual futures contracts are the most popular crypto trading product in the world, but they've only been available on offshore exchanges like Binance. Now the CFTC is letting U.S. platforms offer them, and Coinbase is the biggest name approved to do so. This opens up a huge new revenue stream — these products generate massive trading fees because they're used constantly by active traders. Think of it like a casino finally getting permission to add its most popular table game. When a stock gets a brand-new catalyst like this, the market often takes a few days to fully price it in, especially since most investors are still digesting the news.