U.S. regulators just legalized crypto perpetuals — get in early on Coinbase and Bitcoin
U.S. regulators just gave the green light for crypto perpetual futures contracts — a hugely popular trading product — to be offered on American soil for the first time. Coinbase and Kalshi are first in line to launch them.
Idea
Perpetual futures are the most-traded crypto product globally, but until now they've only been available on offshore exchanges. Bringing them onshore means Coinbase — already the largest U.S. crypto platform — can capture a massive new revenue stream from traders who previously had to use foreign venues. Regulatory approval also signals that Washington is becoming more crypto-friendly, which tends to lift sentiment across the entire market. The combination of new product launches and a warmer regulatory environment has historically been a powerful catalyst for Coinbase's stock and crypto prices broadly.