US finally approves crypto perpetual futures — accumulate Coinbase before the new revenue kicks in
US regulators just gave the green light for crypto perpetual futures contracts to trade on American exchanges for the first time. Coinbase and Kalshi are first in line to offer these products, which have until now only existed on offshore platforms.
Idea
Perpetual futures are the most heavily traded crypto instrument in the world, responsible for trillions in volume — but until now they've been limited to offshore exchanges. The CFTC's decision to let Coinbase and Kalshi offer them onshore opens up a massive new revenue stream for Coinbase specifically. This is also a credibility boost for the entire crypto market at a time when Bitcoin ETFs have been bleeding $2.8 billion in outflows. Regulatory clarity often marks turning points — Coinbase stands to capture significant trading fees, and Bitcoin itself could recover as institutional access expands.