US just legalized the most popular crypto trading product — accumulate Coinbase
The top US derivatives regulator just said crypto perpetual futures — a hugely popular trading product that until now only existed on offshore exchanges — can be offered on registered American platforms like Coinbase.
Idea
Perpetual futures are the most-traded crypto product in the world, but Americans have been locked out because no regulated US exchange offered them. That just changed. The CFTC gave the green light for platforms like Coinbase to list these contracts domestically, which means Coinbase could capture a massive new revenue stream as traders flock to a regulated home for the product. This is a genuine regulatory breakthrough — not a rumor — and Coinbase is the most direct beneficiary because it already has the customer base and the derivatives license in place.