US clears crypto perpetual futures for Coinbase — long COIN to ride the new revenue stream
The main U.S. derivatives regulator just allowed cryptocurrency perpetual futures contracts to trade legally on American platforms like Coinbase. This brings a massively popular crypto trading tool to the U.S. for the first time.
Idea
Perpetual futures contracts are the most popular trading tool in crypto, but until now Americans could only access them on offshore exchanges. With the CFTC giving the green light for platforms like Coinbase to offer them in the U.S., Coinbase stands to capture a massive new revenue stream from trading fees. This regulatory win gives the company a major competitive advantage over domestic rivals who haven't secured approval yet. As this new product rolls out, it should act as a strong fundamental catalyst for the stock.