Coinbase Set to Introduce BASED1 Perpetual Futures Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy COIN?
Source: moomoo
- Launch Announcement: Coinbase will launch BASED1 perpetual futures trading on April 20th.
- Market Conditions: The BASED1-PERP market will open in regions where liquidity conditions are met and trading is supported.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 211.630
Low
230.00
Averages
361.63
High
440.00
Current: 211.630
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Upward Earnings Expectations: According to Goldman Sachs, S&P 500 EPS estimates for 2026 and 2027 have increased by 4% since late January, further bolstering market confidence in economic growth.
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Availability for Retail and Institutional Traders: The new trading options are accessible to both retail traders and institutions in select jurisdictions.
See More
Coinbase Outshines Bitcoin as a Superior Investment Opportunity
- Market Dominance: Bitcoin accounts for nearly 60% of the total crypto market cap, remaining a popular choice for institutional and retail investors despite recent losses, highlighting its relatively lower risk profile.
- Stablecoin Revenue Growth: Coinbase generated $1.35 billion in stablecoin revenue in 2025, representing 20% of its annual net revenue of $6.88 billion, indicating strong performance in the stablecoin market that will drive future growth.
- Trading Revenue Potential: As investor confidence returns, Coinbase's trading revenue is expected to rebound, particularly with increased demand for crypto ETFs, further solidifying its leadership position in crypto trading.
- Rise of Decentralized Finance: Coinbase's involvement in decentralized finance (DeFi) and asset tokenization through its Base blockchain has already amassed over $4.5 billion in its ecosystem, showcasing its strategic positioning in the emerging fintech landscape.
See More
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- Stablecoin Market Growth: Coinbase earned $1.35 billion in stablecoin revenue in 2025, representing 20% of its annual net revenue of $6.88 billion, indicating that the surge in stablecoin adoption significantly boosts the company's earnings and strengthens its position in the cryptocurrency market.
- Bitcoin Market Dominance: Bitcoin accounts for nearly 60% of the total crypto market cap, and despite a 10% decline year-to-date, its recent rise to $77,000 suggests potential recovery, which could enhance investor confidence and drive up Coinbase's trading revenue.
- Rise of Decentralized Finance: Coinbase is actively involved in decentralized finance (DeFi) and asset tokenization through its Base blockchain, which has over $4.5 billion in funds, enhancing its competitive edge and providing new revenue streams for future growth.
- Regulatory and Competitive Challenges: While Coinbase faces regulatory and competitive headwinds, its emerging leadership in the blockchain space could allow it to outperform Bitcoin as the industry matures, potentially leading to higher market returns.
See More
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- Oil Price Rebound Impact: WTI crude oil prices rebounded by over 2% after Iran announced it would not attend peace talks, raising fears of a deepening global energy crisis, which could further hinder economic recovery.
- Supportive Economic Data: March retail sales rose by 1.7% month-over-month, surpassing expectations of 1.4%, indicating robust consumer spending that may provide some support for the stock market, despite overall market pressures.
- Fed Nominee Supports Independence: Fed Chair nominee Kevin Warsh emphasized the importance of monetary policy independence and controlling inflation in his Senate Banking Committee statement, which could positively influence market confidence.
See More
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- Market Expansion: Polymarket announced its expansion into perpetual futures trading, following news that its main competitor Kalshi plans to offer crypto trading, demonstrating a keen response to market demand.
- Increased Competition: This move may position Polymarket and Kalshi in direct competition with platforms like Robinhood, Coinbase, and Kraken, which have integrated prediction markets into their offerings over the past year, highlighting the value of young speculators.
- Volume Growth: According to CoinGecko, the top centralized crypto exchanges recorded an annual perpetuals trading volume of $86.2 trillion last year, reflecting a 47% increase, showcasing the activity and potential of this market.
- Market Activity: By entering the perpetuals market, Polymarket and Kalshi can maintain ecosystem activity amid stalled cryptocurrency prices and slowed trading activity, fostering more consistent trading volume and speculative engagement.
See More
