US regulators finally approve crypto perpetuals — long Coinbase on a brand-new revenue stream
The top U.S. derivatives regulator just gave the green light for crypto perpetual futures contracts to trade on American soil for the first time. Coinbase is among the first platforms approved to offer these products, which have until now only existed on overseas exchanges.
Idea
Perpetual futures are the most popular crypto trading product in the world, generating enormous fees for the exchanges that offer them — but until now they've been banned from operating inside the United States. The CFTC's decision to let Coinbase and others offer these contracts domestically opens up a massive new revenue stream that didn't exist yesterday. This isn't just a one-day pop; it's a structural change to Coinbase's business that analysts will be building into their earnings models for quarters to come. Even with Bitcoin ETF outflows cooling recently, this regulatory win is Coinbase-specific and should attract fresh institutional interest.