Regulators just unlocked crypto perps in the U.S. — buy Coinbase before the product launches
U.S. regulators just gave the green light for crypto perpetual futures contracts to be offered on American soil for the first time. Coinbase and Kalshi are the first platforms cleared to launch these products, which have until now only traded on overseas exchanges.
Idea
Perpetual futures are the most popular crypto trading product in the world, but they've never been legally available in the U.S. Coinbase being first in line means they'll capture a brand-new revenue stream from American traders who currently use offshore platforms. This isn't just a one-day news pop — it's a structural change that adds a whole new business line. The stock tends to move big on regulatory wins, and being the incumbent U.S. exchange gives Coinbase a moat competitors can't easily replicate.