U.S. just legalized crypto perpetual futures — long Coinbase as trading volume is about to surge
U.S. regulators just cleared the way for crypto perpetual futures — a hugely popular trading product — to be offered legally in America for the first time. Coinbase is one of the first platforms set to offer them.
Idea
Perpetual futures are one of the most-traded crypto products globally, but until now they've only been available on offshore exchanges. The CFTC's green light means U.S.-based platforms like Coinbase can finally capture that trading volume domestically. This is a structural revenue catalyst — more products means more users, more fees, and more trading activity. While Bitcoin itself is slumping and ETF money is flowing out, the companies building crypto infrastructure are getting a legitimate regulatory win that could boost their business regardless of where coin prices go next.