TechFlow reports that on June 11, Coinbase CEO Brian Armstrong announced that Coinbase has received approval to offer genuine global crypto perpetual futures trading services to U.S. users, becoming the first platform to provide U.S. users with access to global liquidity for such products.
Armstrong stated that this move ends the long-standing reliance of U.S. users on offshore platforms for perpetual futures trading and will facilitate the integration of perpetual futures liquidity between U.S. and international markets, reducing market fragmentation. He also noted that Coinbase secured this approval after years of advocacy and multiple trips to Washington, D.C., meaning U.S. traders will now be able to access these products through a compliant U.S.-based company.
