Coinbase Just Got the Green Light to Offer Crypto Perpetual Futures Globally — Here's What That Means
74d ago · 1 source
Coinbase has become the first US-based cryptocurrency exchange to receive approval to offer perpetual futures (perps) trading to users globally. This marks a significant regulatory milestone, as perpetual futures have traditionally been the domain of offshore exchanges due to US regulatory restrictions. The move positions Coinbase to compete directly with major international platforms like Binance and Bybit in one of crypto's most popular trading products.
WHY IT MATTERS
Think of perpetual futures like a bet on the future price of a cryptocurrency — except unlike a traditional futures contract, they never expire. They're by far the most popular way to trade crypto globally, kind of like how options are huge in the stock market. But because they involve leverage (borrowing money to make bigger bets), US regulators have been very cautious about allowing American companies to offer them. Coinbase getting approval to offer these products globally is like a major US bank being allowed to open a trading desk that was previously only available at overseas firms. It means more competition, potentially better prices for traders, and a sign that the US is becoming more open to crypto financial products.
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