U.S. just legalized crypto's hottest trading product — ride the Coinbase wave
The top U.S. derivatives regulator just greenlit a type of crypto trading contract — called perpetual futures — that until now has only been available on overseas exchanges. Coinbase is one of the first platforms cleared to offer them in America.
Idea
Perpetual futures are the most popular crypto trading product worldwide, responsible for the majority of crypto exchange revenue overseas. Until now, U.S. investors couldn't access them on regulated domestic platforms. With Coinbase named as one of the first approved providers, it stands to capture a brand-new revenue stream that didn't exist before in America. This isn't just a one-day pop — it's a structural change to Coinbase's business that analysts will be raising estimates on for weeks. The stock should attract fresh buying as the market prices in this new income source.