Regulators just opened the door to crypto perps in the U.S. — Coinbase gets there first
U.S. regulators just gave the green light for crypto perpetual futures contracts — a super popular trading product that until now has only existed on offshore exchanges. Coinbase is one of the first platforms approved to offer these to American traders.
Idea
Perpetual futures are the most-traded crypto product in the world, handling trillions in volume every month — but Americans have been locked out because regulators wouldn't allow them on U.S. exchanges. That just changed. Coinbase, as one of the first approved platforms, is about to capture a huge chunk of trading volume and the fees that come with it. This is the kind of regulatory green light that opens an entirely new revenue stream overnight. For a company already profitable and growing, adding what could become their highest-margin product is a game-changer. The stock hasn't fully priced this in yet because the news just broke.