US greenlights crypto perpetual futures — long breakout on Coinbase
The main U.S. derivatives regulator just allowed crypto perpetual futures to trade on American soil for the first time, and Coinbase is one of the first platforms stepping up to offer them.
Idea
The CFTC has paved the way for onshore perpetual futures contracts, giving popular crypto exchange Coinbase a massive new revenue opportunity. Perpetual futures have historically been one of the most profitable and highly traded products in the crypto space, mostly dominated by offshore exchanges. Bringing this immense trading volume onshore to regulated platforms like Coinbase could significantly boost their upcoming earnings. This fundamental shift in the U.S. crypto landscape makes Coinbase an attractive long bet as traders prepare for the new product launch.