U.S. just legalized crypto perpetual futures — long Coinbase as the biggest beneficiary
The top U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to trade legally on American platforms like Coinbase. This is a huge regulatory shift — until now, these popular trading products only existed on overseas exchanges.
Idea
Perpetual futures are the most-traded crypto product in the world, and they've never been legally available in the U.S. until now. Coinbase is the biggest winner here because it's explicitly named in the CFTC's approval and already has tens of millions of verified users who can now access these products. This unlocks a massive new revenue stream. It's also broadly bullish for crypto prices because bringing perps onshore means more liquidity and easier access for institutional money managers who couldn't touch offshore exchanges.