CFTC just greenlit crypto perps in the U.S. — long Coinbase before the new revenue kicks in
The top U.S. derivatives regulator just cleared the way for crypto perpetual futures contracts to be offered legally in the United States for the first time. Coinbase and Kalshi received initial approvals to offer these products to American traders.
Idea
Perpetual futures are the most popular crypto trading product worldwide, but until now they've only been available on offshore exchanges like Binance. Bringing them onshore to regulated U.S. platforms is a big deal — it opens up a massive new revenue stream for Coinbase, which already has the largest compliant crypto exchange in the country. This is the kind of structural regulatory shift that can re-rate a stock higher over weeks, not just days. Rivals without CFTC approval will be at a competitive disadvantage, concentrating even more volume on Coinbase.