Coinbase Secures CFTC No-Action Relief Dated May 29, 2026 for US Global Crypto Perps

Coinbase said it can offer US customers access to "true global" crypto perpetual futures after receiving CFTC clearance dated May 29, 2026. The company will route the product through its offshore structure tied to Deribit, which it acquired in May 2025, while collateral is held in USD or USDC with leverage up to 10x. CEO Brian Armstrong also claimed roughly half of perp volume previously came from Americans using offshore venues via VPN.