Coinbase Launches US Perpetuals Next Month—Stock Rockets to Record Highs
Coinbase just dropped a bombshell: US perpetual futures go live in July 2025. And Wall Street’s already pricing in the hype—shares just hit an all-time high.
Why it matters: The exchange is doubling down on derivatives as retail traders keep chasing leverage. Because what’s crypto without 100x exposure, right?
The cynical take: Another revenue stream for Coinbase, another way for degens to get liquidated. The house always wins.
Seize the moment
“The timing aligns with what appears to be a crypto-friendly shift under the TRUMP administration, encouraging innovation through lighter regulatory pressure,” Mohith Agadi, founder of Fact Protocol, told Decrypt.
“We’re incredibly proud 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.
The announcement follows a sharp rise in Coinbase’s share price.
Coinbase shares surged to a record closing high of $375.07 on Thursday, breaking its previous peak of $357.39 from November 2021, as per Google Finance data.
The gain caps a remarkable year for the San Francisco-based exchange, which became the first crypto firm to join the S&P 500 in May and has seen its stock price climb 50% year-to-date from $256 in January.
"Coinbase's stock surge reflects growing public market interest in crypto-native companies,’ Agadi said. "With Circle successfully going public, investors are clearly signaling confidence in the long-term value of regulated crypto infrastructure."
An analyst at investment bank Benchmark has raised his price target for Coinbase to $421, citing the company’s European expansion and USDC integration, as per a previous report by Decrypt.
Edited by Sebastian Sinclair
