US just greenlit crypto perpetual futures for the first time — accumulate Coinbase before volume surges
The top U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to be offered on American soil for the first time. Coinbase and prediction-market platform Kalshi are among the first to get the green light.
Idea
Perpetual futures are the most popular crypto trading product in the world, but until now they've only existed on offshore exchanges. Bringing them onshore to regulated U.S. platforms is a game-changer for Coinbase, which stands to capture a huge chunk of new trading volume and the fees that come with it. Regulatory clarity like this tends to be a durable catalyst — it unlocks new revenue streams that didn't exist before, not just a one-day pop. The fact that multiple platforms got simultaneous approval also signals the government wants this market to grow domestically.