Coinbase Follows Kraken's Lead, Opens Perpetuals Trading for US Customers

Key Points

1. Coinbase introduced CFTC-regulated perpetual futures for U.S. customers, offering up to 10x leverage.

2. The launch follows the signing of the GENIUS Act, a landmark crypto law by President Trump, providing regulatory clarity.

3. Coinbase's derivatives dominate 90% of global crypto trading volumes but were previously inaccessible to U.S. traders due to regulatory complexity.

4. The move is seen as aligning U.S. markets with global standards and improving market depth.

5. Coinbase stock (COIN) experienced a dip to $413.63 from its opening price of $425.91, following an all-time high of $444.65 on July 18.