US regulators finally approve crypto perpetual futures — long Coinbase as it brings the hottest crypto product onshore
U.S. regulators just gave the green light for crypto perpetual futures — a super-popular trading product that until now only existed on offshore exchanges. Coinbase is among the first platforms cleared to offer them.
Idea
Perpetual futures are the most-traded crypto product in the world, but Americans have had to use offshore exchanges to access them. Bringing them onshore to regulated platforms like Coinbase is a huge revenue opportunity — these contracts generate massive trading fees. This is a genuine regulatory milestone, not just hype. The main risk is that Bitcoin ETF outflows have been hitting record streaks recently, which could dampen overall crypto sentiment. But for Coinbase specifically, adding a whole new product category that its customers have been begging for is a clear business win regardless of where Bitcoin's price goes in the short term.