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Regulators greenlight crypto perpetual futures — long Coinbase ahead of the launch

The main U.S. derivatives regulator just allowed crypto perpetual futures to be offered legally in America. Coinbase is one of the first platforms approved to offer these products, which are immensely popular with traders worldwide.

Idea

Perpetual futures contracts account for the vast majority of global crypto trading volume, but until now they were mostly banned in the U.S. With the CFTC finally approving them for onshore platforms, Coinbase is poised to capture a massive new revenue stream. This regulatory clarity removes a major overhang for the stock and could attract significant institutional money to their platform. Getting in before these products actually launch offers a chance to front-run the anticipated volume boom.

Key details

COINdaily#crypto#regulatory#growth

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