US regulators finally approve crypto perpetuals — long Coinbase and Bitcoin
U.S. regulators just gave the green light for crypto exchanges to offer 'perpetual futures,' a highly popular trading tool that until now was mostly available on overseas platforms. Coinbase is among the first approved to offer these products to American traders.
Idea
Perpetual futures are the most heavily traded crypto instruments in the world, and bringing them legally to the U.S. is a massive win for the domestic crypto industry. Coinbase, which just got the nod to offer these products, stands to make a lot of money from the new trading fees and increased user activity. This move also signals that U.S. regulators are finally warming up to crypto, which usually pushes the price of Bitcoin higher. Buying Coinbase stock alongside Bitcoin is a smart way to bet on this new wave of mainstream crypto trading.