Coinbase reveals its trump card: How compliant derivatives and the Bitcoin American Express card will reshape the crypto landscape

As the global market is shaken by geopolitical conflicts, Coinbase launched two strategic products at its annual summit: CFTC perpetperpetual futures trading and a Bitcoin cashback credit card co-branded with American Express.< p>Written by: Luke

, the continues theockwfrom Israel's airston risk assets experienced experienced amatic plunge. Tokyo to panic emotions spread like wildfire, with gold and the US the safe havBitcoinoin, once hailed as "digital digital gold", was was also not spared, with prices plplummeting.Precisely in this tense and bleak atmosphere, Coinbase, the "facade" of the American crypto world, almost simultaneously played two cards with significant expansion implications at its annual one aimed at the hinterland of Wall Street, the embedded in life of the American class p two cards are: perpetual futures trading regulated by the U.S. Commodity Futures Trading Commission (CFTC), and a credit card co-branded with American Express offering up to 4% Bitcoin back in Bitcoin.

If these two pieces of news are in might only interpret it as a routine product line expansion. when we out and place them in the grand narrative background of the will the post-ETF and post-FTX era, we'll discover that this is coin't simply "launching something new", but a long-planned "Normandy landing". Coinbase is attempting to completely rewrite the crypto financial map of the United States and even globally through a carefully planned "pincer attack".

Bringing the "Wild Horse" Under Control: Installing Compliance Wheels on the Engine of the Crypto World

To understand the impact of Coinbase's move, we must first clarify the crucial role of "perpetual futures"" in the the the.

<, powerful force has always been outside the United States' regulatory vision. to high-and complex financial, structure, U U.S. investors wanting to engage often had to risk venturing to offshore trading platforms with blurry regulations. This not only generated capital outflow but huge hidden dangers - the thunderous collapse of FTX was the most painful warning about regulatory absence risks. That global industry earthquake left countless investors who had entrusted assets in lawless places with nothing, also making U.S. regulatory agencies realize that blocking is less effective than properly guiding.

is precisely in this context coincompliant perpetfutures were born. What it essentially did was a clever "under control The product retains the core of perpet's "no expiration date" but places its entire operating process, from margin requirements to clearing mechanisms, strictly under CFTC's regulatory framework. This seemingly simple move of bringing trading back from overseas actually has profound significance.

The CFTC's endorsement is like an "official certification" to the mainstream financial hall. It clearly signals to the market that perpetual contracts longer a gambling tool in the shadows, but a derivative recognized financial that can be incorporated into regular investment portfolios. This opens a long-awaited door for institutional investors, hedge funds, funds, and hold professional traders who have been holding significant funds but wary of offshore platforms. They can finally finally ride this "on Wall Street wolf" in a complcompliant manner on their familiar territory.

Coinbase's move is a landing declaration of "not intending to let crypto derivatives trading become a non-U.S. phenomenon". only hopes to extrad" in trading capital back from overseas but also fundamentally weakens the attractiveness of offshore competitors like Binance and Bybit in the U.S. market. It a flag representing the "U.S. home ground" and "compliance safety" in the most core and active battlefield of the crypto world.

The "": Quietly Occupying the Payment High Ground with Bitcoin Cashback

<>launching perpetual futures is Coinbase's frontal attack on the professional trading market, card co branded-Express more subtle flanking maneuver", a carefully disguised "Trojan horse" of daily benefits.

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First the partner is American American Express. Unlike Visa or Mastercard's broad network, Amex is known for its high-end customer base, consumption scenarios, and excellent service experience. Choosing to co-brand with Amdeclaration: Target is no longer early-stage geeks and speor speculators, but the American middle class with strong consumption consumption ability, open to emerging financial products. This card attempts to elevate holding Bitcoin from subculture" to an "" high-end business travel and refined lifestyle p><>secondup to 4% Bitcoin cashan extremely lethal number.. In the traditional credit card, card market, offers a universal casha "god card",", while Directly doubles this number Bitcoin with long-term appreciation potential. users, each swipe means passively building their crypto asset almost imperceptibly.

Bitcoin cashback directly deposited into users Is the finishing touch. It ensures crypto assets generated generated by this card will naturally settle on Coinbase platform. These settled assets are both the foundation of trading depth and liquidity and valuable capital for future financial financial services.< h2>The endGame: finale From Exchange to "Morgan Stanley of the Crypto World"

When we place the "regular army" of perpetcontracts and the card "troops" of credit the same strategic map, Can coinpincer attack" clearly visible.

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Internally, it achieved a perfect closed loop for user groups. The perpetual contracts target "quick money" users seeking high returns, high risks, and frequent trading, while the Bitcoin cashback card serves "slow money" users who want long-term holding, steady value appreciation, and low-frequency operations. From the most aggressive leveraged traders to the most conservative passive investors, Coinbase attempts to capture all crypto users across the spectrum, enabling them to find tools that satisfy all their needs within its platform, eliminating the need to go elsewhere.

Externally, it built an unparalleled compliance barrier. Whether in the derivatives market or payment field, Coinbase chose to deeply collaborate with top-tier regulatory bodies (CFTC) and most renowned traditional financial partners (American Express). This not only won it an unparalleled trust endorsement but also greatly raised the entry barriers for competitors. In the foreseeable future, any platform wanting to challenge Coinbase's position in the US market must overcome these two mountains.

Looking ahead, rumors of Coinbase being included in the S&P 500 index and the landing of USDC payment collaboration with Shopify and Stripe both point to the same endpoint: it is no longer satisfied with being a mere "cryptocurrency exchange". Its ambition is to become the "Morgan Stanley" of the digital asset era—an all-powerful financial giant integrating investment banking (derivatives trading), commercial banking (payment and savings), and asset management (Staking and wallet services).

The launch of this "double trump card" is the most critical step in this grand journey. It marks that cryptocurrencies in the US are moving from the margins to the center at an unprecedented speed and depth, accelerating the integration from "alternative assets" to "mainstream allocation". The battle initiated by Coinbase may not cause significant market volatility in the short term, but it is reshaping the underlying structure and rules of the entire industry. In the future crypto world, competition will no longer focus on whose code is more decentralized, but on who can build the most solid, convenient, and irresistible bridge connecting the old and new financial continents.

And Coinbase has just laid down the two heaviest and most crucial cornerstones for this bridge with perpetual contracts and the American Express card.