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Getting to Know Crypto Perps

U.S. Coinbase users now have access to a powerful new trading tool, but tread carefully!
Getting to Know Crypto Perps
David Christopher David Christopher
Jul 23, 2025 • 4 min read
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Yesterday marked a watershed moment for American crypto traders. 

Coinbase launched the first CFTC-regulated perpetual futures or “perps” in the U.S.. If you've been stuck using VPNs to access offshore exchanges or simply avoided perps altogether, this changes everything.

In case you didn’t know, perpetual futures are the backbone of crypto’s capital markets, accounting for over 90% of global derivatives volume. And now, they're finally legal and accessible for US traders.

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Getting to Know Crypto Perps
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David Christopher

Written by David Christopher

570 Articles • View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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