According to CoinExpress, Coinbase received approval from the U.S. Commodity Futures Trading Commission (CFTC) on May 29, 2026, becoming the first exchange authorized to offer crypto perpetual futures to U.S. customers. This product dominates global crypto trading, with trading volume reaching $61.7 trillion in 2025, a 29% year-over-year increase. Coinbase CEO Brian Armstrong stated that this approval ends the situation where U.S. users were excluded from 80% of the global crypto market. Coinbase will guide customers to use its acquired offshore exchange, Deribit, and plans to launch its own U.S. perpetual futures product on July 21. In addition, the CFTC also approved Kalshi's BTCPerp, the first Bitcoin perpetual futures product launched on a registered U.S. exchange. This approval marks a significant expansion of the U.S. crypto derivatives market and is expected to attract more institutional investors.