US just legalized crypto perpetual futures — buy Coinbase on the regulatory green light
The main US derivatives regulator just gave the green light for crypto perpetual futures contracts to trade on American platforms for the first time. Coinbase and Kalshi are the first to move forward with offering these products.
Idea
Perpetual futures are the most popular crypto trading product worldwide, but until now Americans had to use offshore exchanges to access them. Bringing them onshore to regulated platforms like Coinbase is a structural shift that should drive trading volume and revenue directly to Coinbase. This is the crypto equivalent of a major new product category being approved — the first-mover platforms that offer it will likely see a surge in user activity and fee income. Even though Bitcoin ETFs have been bleeding lately, this is a different catalyst: it benefits the infrastructure providers, not just the token price.