Regulators just unlocked crypto perps in the US — long Coinbase on the new revenue wave
US regulators just gave the green light for crypto perpetual futures contracts — a super popular trading product that until now was only available on offshore exchanges. Coinbase is one of the first platforms approved to offer them, which could bring a flood of new trading revenue.
Idea
Perpetual futures are the most-traded crypto product globally, handling trillions in volume each month — but Americans have had to use offshore platforms to access them. Now the CFTC is letting US-registered platforms like Coinbase offer these contracts domestically. This is a massive new revenue stream for Coinbase, since perpetual futures generate steady fees from active traders. Think of it like a casino finally getting approval to open a new game that everyone already wants to play. The bullish regulatory catalyst combined with strong broader market momentum makes this a compelling near-term setup.