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US finally approves crypto futures — long Coinbase for the new revenue wave

US regulators just cleared the way for popular crypto futures contracts to be traded legally in America, with Coinbase among the first platforms to offer them.

Idea

For years, American crypto traders have had to use overseas platforms to trade these specific futures contracts, which are some of the most popular and profitable products in crypto. Bringing them onshore means US-based exchanges like Coinbase can finally capture that massive volume and the high fees that come with it. This regulatory green light is a huge competitive advantage for Coinbase over its rivals. As the product rolls out, Coinbase's revenue could see a significant boost, making the stock look very attractive right now.

Key details

COIN1D#crypto_regulation#crypto_equities

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