U.S. regulators just unlocked crypto perps — Coinbase stands to win big
U.S. regulators just gave the green light for crypto perpetual futures contracts — a hugely popular trading product — to be offered on American platforms like Coinbase for the first time. Until now, traders had to use offshore exchanges to access these products.
Idea
Perpetual futures are the most-traded crypto product globally, and they've been completely absent from U.S.-regulated platforms until now. Coinbase getting the nod to offer them means a brand-new, high-margin revenue stream is about to open up. This isn't a speculative rumor — regulators have formally issued the approvals. Traders who've been forced to use offshore exchanges may flock to Coinbase for the regulatory safety, which should translate into real trading-volume and fee-income growth in the coming quarters.