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US greenlights crypto perpetual futures — momentum play on Coinbase

US regulators just paved the way for American exchanges to offer 'perpetual futures,' a hugely popular crypto trading product. Coinbase is one of the first platforms set to offer it.

Idea

Perpetual futures are responsible for a massive portion of global crypto trading volume. Allowing these products in the US is a huge win for Coinbase, as it will likely attract a wave of new traders and transaction fees. With this new regulatory clarity, Coinbase stock could see strong momentum. Consider buying on a dip toward the recent short-term average or a push to new highs.

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COIN1D#crypto#regulation

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