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Key Takeaways
- CFTC cleared Coinbase on May 29, 2026 to offer global crypto perps via a no-action letter.
- Coinbase routes US perps through Deribit, the exchange it acquired in May 2025.
- Armstrong estimates ~half of all perp volume was Americans using offshore products via VPN.
Writing on X, Coinbase CEO Brian Armstrong confirmed the exchange received regulatory clearance to offer true global crypto perpetual futures to US users, describing it as something that “got missed in the noise last week.”
The clearance came on May 29, 2026, when the CFTC issued Coinbase a no-action letter, a formal regulatory instrument in which the agency states it will not pursue enforcement action against a specific firm for a specific activity un...
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