Perps Lift Crypto Stocks—Robinhood, Coinbase End Week In The Green After CFTC Move
Robinhood and Coinbase surged after the CFTC moved to broaden access to crypto derivatives in the U.S. Robinhood jumped about 11% to roughly $94, its highest since February, while Coinbase gained nearly 7% to about $189, staying within its recent $160-$215 range. The CFTC said U.S. firms may offer perpetual futures, a change that could expand domestic crypto trading activity. It also issued a no-action letter allowing Coinbase’s U.S. customers to access the options and perpetuals Coinbase already offers. The policy shift may help U.S. firms capture trading volume that has largely stayed on offshore venues. Sentiment was further supported by Robinhood’s plans to connect AI agents to user accounts for trading and other transactions, and by analysts raising price targets on the stock.
