One of Crypto’s Riskiest Products Is Quietly Returning as US Regulations Ease

ccn.comPublicado em 2025-07-22Última atualização em 2025-07-22

focus-text-wrap]Key Takeaways[/focus-text-wrap]

  • Coinbase to offer perpetual futures trading to U.S. users starting July 21.
  • Perpetuals were never officially banned, but regulations made access difficult.
  • New CFTC-compliant platform signals broader access to advanced crypto products in the U.S.

After years of limited access and unofficial roadblocks, one of the most aggressive crypto trading tools—perpetual futures—is set to make a comeback for U.S. users.

Coinbase announced it will begin offering perpetual crypto futures trading to U.S. customers on its CFTC-approved platform, Coinbase Financial Markets (CFM), starting July 21.

It’s a major milestone, not just for Coinbase, but for the broader crypto derivatives landscape in the U.S.

Top Trending Crypto Articles

Coinbase Unlocks Perpetual Futures

Perpetual futures are a favorite among high-risk, high-reward crypto traders.

Unlike traditional futures, they don’t expire, allowing for open-ended positions. That makes them powerful, but risky.

Coinbase’s version isn’t quite the Wild West.

These new contracts will behave like perpetuals but carry a 5-year expiration, offering long-dated flexibility while staying within regulatory bounds.

  • Up to 10x intraday leverage for crypto
  • Up to 20x leverage for metals futures
  • Initial contracts: Bitcoin and Ethereum
  • Coming soon: XRP, Solana (SOL), Cardano (ADA), and Hedera (HBAR) , and even non-crypto assets like gold and oil

The new offering follows Coinbase’s earlier launch of 24/7 Bitcoin (BTC) and Ethereum (ETH) futures in May 2025—part of a broader strategy to bring advanced, regulated trading tools to American users.

Why This Matters: Global Demand vs. U.S. Caution

Globally, perpetual futures dominate crypto trading, accounting for nearly 90% of total volume.

However, in the U.S., strict regulations regarding leverage, anti-money laundering (AML), Know Your Customer (KYC), and custody created a vacuum.

Many U.S. traders resorted to offshore platforms—often at the cost of security and legal risk.

With Coinbase stepping in as a regulated U.S. alternative, that vacuum could finally start to close.

A Turning Point for U.S. Crypto Regulation?

This quiet return of perpetuals highlights a shift in how U.S. regulators—and firms like Coinbase—are approaching crypto derivatives.

With greater clarity from the CFTC, exchanges are moving confidently to bridge the gap between global and U.S. crypto markets.

It also signals that the post-ETF crypto infrastructure boom is well underway, with more advanced tools and products likely to follow.

Top Trending Crypto Articles
Was this Article helpful? Yes No

Criptomoedas em alta

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

Leituras Relacionadas

Why the UXLINK hacker’s 14,336 ETH transfers raise fresh questions for DeFi

Recent on-chain activity reveals the UXLINK exploiter is actively laundering stolen funds, complicating tracing efforts. The September 2025 hack, which exploited a 'delegateCall' vulnerability to steal roughly $4.5 million, involved converting illicit assets into DAI and Ethereum. Recently, the attacker swapped over 10 million DAI for approximately 6,000.8 ETH and has deposited a total of 14,336.6 ETH into the privacy mixer Tornado Cash in recent weeks, including over $8.1 million worth in a single move. Simultaneously, wallets connected to the defunct Mining Express Ponzi scheme have been converting long-held assets, swapping 5,004 ETH for 8.8 million DAI. Following a separate exploit of the Jaredfromsubway.eth MEV bot, about $5.1 million was also routed to Tornado Cash. These incidents underscore a critical vulnerability in DeFi: while enabling permissionless transfers, the ecosystem lacks effective mechanisms to halt or manage illicit funds once in motion, allowing them to be moved and concealed relatively easily. This highlights the need for strengthened cross-network coordination and real-time threat detection to better safeguard the space.

ambcryptoHá 1h

Why the UXLINK hacker’s 14,336 ETH transfers raise fresh questions for DeFi

ambcryptoHá 1h

Li Fei-Fei's Latest Long-Form Article: When Video Generation, Robotics, and NVIDIA All Call Themselves World Models, We Need a Taxonomy

In a new article, Dr. Fei-Fei Li addresses the widespread and often inconsistent use of the term "world model" in AI. She proposes a clear, functional taxonomy rooted in the classic Partially Observable Markov Decision Process (POMDP) loop (agent → action → state → observation → agent). According to this framework, current systems called "world models" are different projections of this loop, categorized by their primary output: 1. **Renderers**: Output observations (pixels). Their goal is visual fidelity for human consumption (e.g., video generation models like Sora). They are the most commercially mature but are limited by a focus on appearance over physical accuracy. 2. **Simulators**: Output states (geometric, physical, dynamic representations). They provide a structurally accurate world for both human professionals (e.g., architects) and computational agents (e.g., robots for training). Li argues simulators are the crucial, underappreciated bridge, as they can underpin both rendering and planning. 3. **Planners**: Output actions. Given an observation and a goal, they decide what an agent should do next (e.g., robotic action models). This area is highly promising but remains the least mature for real-world deployment. Li highlights a key trend: the boundaries between these three categories are beginning to blur, as they all rely on a shared underlying understanding of geometry, physics, and dynamics. The logical endpoint is a unified world foundation model capable of switching between rendering, simulation, and planning based on downstream needs. This convergence, she concludes, is central to advancing spatial intelligence—enabling machines not just to talk about the world, but to truly understand, imagine, and interact with it.

marsbitHá 2h

Li Fei-Fei's Latest Long-Form Article: When Video Generation, Robotics, and NVIDIA All Call Themselves World Models, We Need a Taxonomy

marsbitHá 2h

Forbes Feature: Stablecoin Cross-Border Payments Are Faster, But Not Yet Cheaper

A Forbes feature delves into the state of stablecoin-based cross-border payments, noting rapid growth but a key shortfall: while faster and more accessible, they are not yet cheaper. At a recent industry conference in Mexico City, optimism about technology, regulation, and volume was tempered by discussions with practitioners. The core issue is liquidity. Traditional FX brokers charge 60-70 basis points, and stablecoins promise to slash this to 2-5 basis points. However, this theoretical cost advantage cannot be realized until deep liquidity pools are established at scale, requiring significant institutional capital inflow. A major adoption barrier is trust. Businesses often rely on long-standing relationships with traditional brokers, valuing reliability over marginal cost savings. This shift will be gradual. Furthermore, successful companies in the space are not positioning themselves as replacements for legacy systems like SWIFT, but as complements. They leverage stablecoins for speed while using traditional rails for their standardization and reliability in ensuring accurate payment details—a critical factor for supplier payments to avoid customs issues. Companies like Caliza, experiencing high monthly growth, exemplify this hybrid approach. The industry anticipates consolidation, as long-term viability will depend on securing the essential trifecta: proper licensing, robust fiat on/off-ramps, and deep liquidity. Without these, firms risk being mere intermediaries rather than building sustainable businesses.

marsbitHá 2h

Forbes Feature: Stablecoin Cross-Border Payments Are Faster, But Not Yet Cheaper

marsbitHá 2h

Forbes Feature: Cross-Border Payments with Stablecoins are Faster, But Not Yet Cheaper

A Forbes feature on stablecoin cross-border payments highlights rapid industry growth but notes the cost advantage remains theoretical. While stablecoins offer faster, 24/7, and more accessible international transfers compared to traditional forex brokers (charging 60-70 bps), they have not yet achieved their promised lower costs of 2-5 bps. The primary hurdle is a lack of deep, scaled liquidity pools, according to Imran Ahmad of Bitso Business. He states costs will only drop significantly with large-scale institutional and banking participation. Adoption faces a deeper challenge: trust. Businesses often stick with traditional brokers based on long-standing personal relationships, not just fees. Ezra Kebrab of cross-border payment firm Caliza emphasizes that reliability in handling complex details like tax codes is as critical as speed and cost. Contrary to some narratives, successful companies like Caliza see stablecoins as complementing, not replacing, existing infrastructure like SWIFT, which excels at payment standardization. Caliza itself uses SWIFT for many transactions and has seen monthly growth exceeding 40%. Ahmad predicts a future industry consolidation, where success will hinge on three pillars: proper licensing, reliable fiat on/off-ramps, and robust liquidity.

链捕手Há 2h

Forbes Feature: Cross-Border Payments with Stablecoins are Faster, But Not Yet Cheaper

链捕手Há 2h

Li Feifei's Latest Article: When Video Generation, Robotics, and NVIDIA All Claim to Have 'World Models,' We Need a Taxonomy

"World Model" has become a widely used yet ambiguous term in AI. Drawing from the classic POMDP framework (agent → action → state → observation), this article proposes a functional taxonomy to clarify the concept. It identifies three distinct types, categorized by their output in the perception-action loop: 1. **Renderers**: Output visual observations (pixels). These models, like advanced video generators, prioritize visual fidelity but often lack underlying physical accuracy. 2. **Simulators**: Output the state of the world (geometry, physics, dynamics). They provide a structurally accurate representation for professionals (e.g., architects) and serve as training environments for robots and AI agents. 3. **Planners**: Output actions. Given an observation and a goal, they determine what an agent should do next, closing the perception-action loop (e.g., vision-language-action models). While renderers are currently the most commercially mature and planners are the most aspirational, the article argues that **simulators are the crucial, underappreciated hub**. By working at the level of geometry and physics, a simulator can project upwards to create visuals for humans and downwards to predict action consequences for agents. The future lies in the convergence of these three functions. Emerging research and products, like World Labs' Marble model which outputs both visual splats and physical collision meshes, are beginning to blur these boundaries. The logical endpoint is a unified world foundation model capable of rendering, simulating, and planning based on a shared understanding of spatial and temporal structures—ultimately enabling machines to understand, imagine, and interact with the physical world.

链捕手Há 2h

Li Feifei's Latest Article: When Video Generation, Robotics, and NVIDIA All Claim to Have 'World Models,' We Need a Taxonomy

链捕手Há 2h

Trading

Spot

Artigos em Destaque

Como comprar ONE

Bem-vindo à HTX.com!Tornámos a compra de Harmony (ONE) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Harmony (ONE) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Harmony (ONE)Depois de comprar o teu Harmony (ONE), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Harmony (ONE)Transaciona facilmente Harmony (ONE) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

325 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar ONE

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de ONE (ONE) são apresentadas abaixo.

活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow