America just legalized the world's most popular crypto trading product — long Coinbase as the new on-ramp
The main U.S. derivatives regulator just gave the green light for crypto perpetual futures contracts to trade on American exchanges like Coinbase. These are among the most popular trading products worldwide but have never been available onshore in the U.S. — until now.
Idea
Perpetual futures are the most-traded crypto product globally, but until now Americans had to use offshore exchanges to access them. By letting Coinbase offer these contracts onshore, the CFTC is essentially handing Coinbase a massive new revenue stream from traders who've been using foreign platforms. This is a genuine business catalyst — more products means more trading fees — and it arrives while Coinbase is already a regulated, trusted name. Regulatory green lights like this tend to push brokerage stocks higher as the market prices in future earnings growth.