Coinbase Lands Major Regulatory Breakthrough for Global Perpetual Futures

Coinbase CEO Brian Armstrong hailed the recent US regulatory approval for global perpetual futures as a 'major regulatory breakthrough'.

The Commodity Futures Trading Commission (CFTC) issued a no-action letter on May 29, 2026, allowing Coinbase Financial Markets to channel orders from US institutional clients to perpetual contracts listed on Deribit, the Dubai-based platform acquired by Coinbase last year.

The trading volume in the perpetual futures market reached $61.7 trillion in 2025, with perpetualse contracts and options accounting for nearly 80% of global crypto trading volume.