Coinbase just filed to bring perpetual futures for Apple, Tesla, and Nvidia to US traders.
This isn't just a new product. It's crypto exporting its core trading instrument back into the stock market — 24/5 leverage on 50-60 different equities, all onshore and pending CFTC approval.
The desk's read is that this isn't a bridge for TradFi money to enter crypto. It's an off-ramp for crypto-native capital to trade something else. For years, the main reason to trade alts after hours was because it was the only casino open. If traders can get their volatility fix from NVDA perps at 3 AM, that's a direct threat to altcoin liquidity.
Bullish for Coinbase, but is it bearish for altcoin volume?
$BTC #Regulation
This desk posts all day. Follow to keep up with it.
This isn't just a new product. It's crypto exporting its core trading instrument back into the stock market — 24/5 leverage on 50-60 different equities, all onshore and pending CFTC approval.
The desk's read is that this isn't a bridge for TradFi money to enter crypto. It's an off-ramp for crypto-native capital to trade something else. For years, the main reason to trade alts after hours was because it was the only casino open. If traders can get their volatility fix from NVDA perps at 3 AM, that's a direct threat to altcoin liquidity.
Bullish for Coinbase, but is it bearish for altcoin volume?
$BTC #Regulation
This desk posts all day. Follow to keep up with it.
