High
Coinbase being the first us exchange to offer global crypto perpetual futures trading is a significant development. this opens up a large, lucrative, and previously inaccessible market for us customers, potentially increasing trading volume and demand for cryptocurrencies offered on deribit. the high leverage involved in perpetual futures can amplify price movements, leading to substantial gains or losses.
High
Bullish
The approval to trade crypto perpetual futures, especially with high leverage, is expected to boost overall market activity and potentially drive up prices for the listed cryptocurrencies (btc, eth, sol, doge, etc.) due to increased speculative demand and trading volume. this also sets a precedent for other us exchanges, further legitimizing and expanding the derivatives market for crypto.