SIGNALCapital Markets·May 29, 2026, 5:58 PMSignal75Medium term

Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S. - The Information

Kalshi, Coinbase Approved to Offer Crypto Perpetuals in U.S. The Information

Why this matters
Why now

The regulatory landscape for crypto in the U.S. has been slowly evolving, and this approval reflects a growing acceptance and attempt to regulate derivative products within established financial frameworks.

Why it’s important

This approval signifies a major step towards mainstream institutional adoption of crypto derivatives in the U.S., potentially unlocking significant capital flows and increasing market liquidity.

What changes

Previously unavailable to U.S. customers, regulated crypto perpetuals are now accessible through approved platforms, altering the investment and hedging strategies available for digital assets.

Winners
  • · Kalshi
  • · Coinbase
  • · Crypto derivatives market
  • · Institutional crypto investors
Losers
  • · Unregulated offshore exchanges
  • · Traditional derivatives brokers (initially)
Second-order effects
Direct

Increased trading volume and liquidity for crypto perpetuals in the U.S. market.

Second

Greater institutional participation in the crypto space, leading to more sophisticated financial products and potentially reduced volatility.

Third

The U.S. solidifying its position as a key hub for regulated crypto financial products, attracting further innovation and investment.

Editorial confidence: 95 / 100 · Structural impact: 60 / 100
Original report

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