Regulators just legalized crypto's hottest trading product in the U.S. — ride Coinbase higher
U.S. regulators just gave the green light for a popular type of crypto trading contract — called perpetual futures — to be offered legally in America for the first time. Coinbase is one of the first platforms approved to offer them.
Idea
Perpetual futures are the most popular crypto trading product in the world, but until now they've only been available on overseas exchanges like Binance. The U.S. government just approved them for domestic platforms, with Coinbase specifically named as a recipient of the go-ahead. This opens up a massive new revenue stream for Coinbase — think of it like a casino suddenly being allowed to offer its most popular game. Crypto-related stocks like MicroStrategy and mining companies should also catch a bid as more U.S. trading activity flows into the ecosystem.