Coinbase US Perpetuals Are Arriving Next Month as Stock Soars to New Heights
Coinbase Global Inc. will introduce United States Perpetual-Style Futures on July 21, becoming one of the first exchanges to offer regulated perpetual futures contracts in the U.S.– a market that offshore platforms have dominated despite representing upwards of 90% of global crypto trading activity. “We’re extremely happy to bring perpetual-style futures to the US,” Coinbase’s Boris Ilyevsky said in the statement, describing the products as “a transformative milestone” for the domestic market. An analyst at investment bank Benchmark has raised his price target for Coinbase to $421, citing the company’s European growth and USDC integration, as per a previous report by Decrypt.