US regulators just greenlit crypto perpetual futures — Coinbase is the prime beneficiary
US regulators just cleared the way for crypto perpetual futures — a hugely popular trading product — to be offered on American exchanges for the first time. Coinbase is one of the first platforms ready to launch them.
Idea
Perpetual futures are the most-traded crypto product in the world — but until now they've only existed on offshore exchanges. The CFTC just gave the green light for them to operate on US soil, which is a massive regulatory milestone. Coinbase is front and center as one of the first approved platforms, meaning it could capture a brand-new revenue stream that was previously off-limits. Regulatory catalysts like this tend to re-rate a stock's valuation because they unlock future earnings that weren't previously 'priced in.' Even with recent Bitcoin ETF outflows cooling the crypto mood, this is company-specific good news that doesn't depend on Bitcoin going up.