Prediction Markets Eye Perpetual Futures Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy COIN?
Source: CNBC
- Perpetual Futures Growth: According to CoinGecko, the U.S. perpetual futures trading volume reached $61.7 trillion in 2025, a 29% increase, indicating strong demand for this high-leverage trading product that could attract more investors into the market.
- Increased Competition in Prediction Markets: Kalshi and Polymarket are planning to enter the perpetual futures space, potentially creating direct competition with platforms like Robinhood and Coinbase, prompting these platforms to reassess their market strategies in response to new challenges.
- Regulatory Environment Changes: The Commodity Futures Trading Commission (CFTC) has stated it will work to legalize perpetual futures domestically, which, if successful, could lead to increased market volatility, especially in the context of high-leverage trading.
- User Base Overlap: Analysts note a massive overlap between prediction markets and crypto market user bases, with Robinhood's prediction market product trading 11 billion contracts in 2025, highlighting the potential growth space in this sector.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy COIN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 194.100
Low
230.00
Averages
361.63
High
440.00
Current: 194.100
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.
Blockworks Plans to Acquire Rivals to Expand Data Platform
- Funding Expansion Plan: Blockworks plans to acquire rivals using undisclosed funds from its recent fundraising, aiming to enhance its digital asset data platform and become a high-quality tool provider akin to Morningstar, thereby increasing market competitiveness.
- Growing Market Demand: With the rapid growth of the crypto market, Blockworks reported over 500% growth in annual recurring revenue last year, demonstrating its strong capability to meet traders' demands for high-quality data, further driving business expansion.
- Addressing Industry Pain Points: In the absence of a unified data provider, Blockworks aims to consolidate fragmented data services to alleviate traders' challenges in accessing information, thus promoting trading and market growth for digital assets.
- Trust Issue Mitigation: The founder of Blockworks highlighted a trust crisis in the crypto market, emphasizing the need for businesses to enhance transparency to gain institutional investor trust, while the company plans to address this by providing reliable data and information to foster broader asset adoption.
See More
US Stock Market Opens: Significant Drop in Cryptocurrency Stocks, COIN Falls 6.98%
U.S. Stock Market Performance: The U.S. stock market opened with the Dow down 0.04%, the S&P 500 down 0.07%, and the Nasdaq down 0.28%.
Semiconductor Sector Surge: NXP Semiconductors surged by 21.7% following strong Q2 guidance, with ON Semiconductor and Microchip Technology also seeing increases of 6.4% and 4.8%, respectively.
Cryptocurrency-Related Stocks Decline: Cryptocurrency-related stocks experienced declines, with MSTR down 1.80%, COIN down 6.98%, and others like CRCL and SBET also falling.
Overall Market Trends: The market showed mixed results, with strong performances in the semiconductor sector contrasting with losses in cryptocurrency stocks.
See More
Hyperliquid Faces Risk of Market Share Decline
- Market Share Decline: Hyperliquid accounted for about 40% of perpetual futures trading in March, but its dominance is being eroded by competitors like Aster and EdgeX, which could lead to declining revenues in the future.
- Increased Regulatory Pressure: Hyperliquid faces regulatory risks due to the absence of KYC restrictions; while it claims to block users from sanctioned countries, it may still attract illicit funds, and U.S. regulators are likely to crack down on unlicensed DEXs, impacting its operations.
- Significant Technical Risks: Hyperliquid relies on automated systems for managing leveraged investments, and any serious pricing glitches could lead to liquidation of users' positions, potentially causing the platform to collapse and driving its price to zero, which would undermine investor confidence.
- Intensifying Industry Competition: As centralized exchanges like Coinbase expand their perpetual offerings, Hyperliquid's market share may further diminish, and given its historical performance, it is likely to follow the trend of other once-popular DEXs, continuing to decline.
See More
Hyperliquid's Crypto Future Looks Bleak
- Significant Price Volatility: Hyperliquid's token HYPE has dropped about 30% from its all-time high in September 2025, despite a 150% rise in the first nine months of last year, indicating potential risks that could undermine investor confidence amid market turbulence.
- Market Share Under Pressure: Hyperliquid accounted for approximately 40% of perpetual contract trading in March, but its dominance is being challenged by emerging platforms like Aster and EdgeX, as well as increased competition from centralized exchanges like Coinbase, which may lead to a further loss of customers.
- Inadequate Risk Management: The reliance on automated systems for managing leveraged investments exposes Hyperliquid to severe pricing glitches, which could liquidate investors' leveraged positions and potentially trigger a platform collapse, resulting in significant losses for users.
- Increasing Regulatory Pressure: Operating outside the U.S. without KYC restrictions may attract illicit funds, and while Hyperliquid claims to block users from sanctioned countries, the lack of stringent controls could lead to regulatory crackdowns that threaten its operations.
See More
Bitmine Holds Over 4.21% of Total ETH Supply
- Significant ETH Holdings: Bitmine currently holds 3,701,589 ETH, valued at $8.8 billion based on the current price of $2,369, demonstrating its substantial influence in the Ethereum market.
- Exchange Upgrade: Bitmine is set to upgrade from NYSE American to the New York Stock Exchange on April 9, 2026, which is expected to enhance its market recognition and liquidity, further attracting investor interest.
- Investor Backing: Bitmine is supported by notable institutional investors including Cathie Wood and Bill Miller III, reflecting market confidence in its “Alchemy of 5%” strategy and aiding its expansion in the ETH market.
- Earnings Potential: Bitmine's ETH staking yields an annualized $264 million, with staked ETH accounting for 73% of its total holdings, indicating its leading position and profitability in digital asset management.
See More
Bitmine Surpasses 4.21% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 5,078,386 ETH valued at approximately $8.8 billion, representing 4.21% of the total ETH supply, indicating a strong position in the cryptocurrency market that is expected to enhance its market influence.
- Exchange Migration: Since April 9, 2026, Bitmine has transitioned from NYSE American to the New York Stock Exchange (NYSE), a move aimed at increasing its market visibility and liquidity, thereby attracting more investor attention.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) focuses on providing secure and efficient ETH staking services for institutional investors, which is expected to enhance its competitiveness in crypto asset management and attract more institutional capital.
- Investor Backing: Bitmine has garnered support from several top institutional investors, including Cathie Wood of ARK, further solidifying its strategic goal of achieving a 5% ETH holding in the future, showcasing its long-term growth potential.
See More
Blockworks Plans to Acquire Rivals to Expand Data Platform
- Funding Expansion Plan: Blockworks plans to acquire rivals using undisclosed funds from its recent fundraising, aiming to enhance its digital asset data platform and become a high-quality tool provider akin to Morningstar, thereby increasing market competitiveness.
- Growing Market Demand: With the rapid growth of the crypto market, Blockworks reported over 500% growth in annual recurring revenue last year, demonstrating its strong capability to meet traders' demands for high-quality data, further driving business expansion.
- Addressing Industry Pain Points: In the absence of a unified data provider, Blockworks aims to consolidate fragmented data services to alleviate traders' challenges in accessing information, thus promoting trading and market growth for digital assets.
- Trust Issue Mitigation: The founder of Blockworks highlighted a trust crisis in the crypto market, emphasizing the need for businesses to enhance transparency to gain institutional investor trust, while the company plans to address this by providing reliable data and information to foster broader asset adoption.
See More
US Stock Market Opens: Significant Drop in Cryptocurrency Stocks, COIN Falls 6.98%
U.S. Stock Market Performance: The U.S. stock market opened with the Dow down 0.04%, the S&P 500 down 0.07%, and the Nasdaq down 0.28%.
Semiconductor Sector Surge: NXP Semiconductors surged by 21.7% following strong Q2 guidance, with ON Semiconductor and Microchip Technology also seeing increases of 6.4% and 4.8%, respectively.
Cryptocurrency-Related Stocks Decline: Cryptocurrency-related stocks experienced declines, with MSTR down 1.80%, COIN down 6.98%, and others like CRCL and SBET also falling.
Overall Market Trends: The market showed mixed results, with strong performances in the semiconductor sector contrasting with losses in cryptocurrency stocks.
See More
Hyperliquid Faces Risk of Market Share Decline
- Market Share Decline: Hyperliquid accounted for about 40% of perpetual futures trading in March, but its dominance is being eroded by competitors like Aster and EdgeX, which could lead to declining revenues in the future.
- Increased Regulatory Pressure: Hyperliquid faces regulatory risks due to the absence of KYC restrictions; while it claims to block users from sanctioned countries, it may still attract illicit funds, and U.S. regulators are likely to crack down on unlicensed DEXs, impacting its operations.
- Significant Technical Risks: Hyperliquid relies on automated systems for managing leveraged investments, and any serious pricing glitches could lead to liquidation of users' positions, potentially causing the platform to collapse and driving its price to zero, which would undermine investor confidence.
- Intensifying Industry Competition: As centralized exchanges like Coinbase expand their perpetual offerings, Hyperliquid's market share may further diminish, and given its historical performance, it is likely to follow the trend of other once-popular DEXs, continuing to decline.
See More
Hyperliquid's Crypto Future Looks Bleak
- Significant Price Volatility: Hyperliquid's token HYPE has dropped about 30% from its all-time high in September 2025, despite a 150% rise in the first nine months of last year, indicating potential risks that could undermine investor confidence amid market turbulence.
- Market Share Under Pressure: Hyperliquid accounted for approximately 40% of perpetual contract trading in March, but its dominance is being challenged by emerging platforms like Aster and EdgeX, as well as increased competition from centralized exchanges like Coinbase, which may lead to a further loss of customers.
- Inadequate Risk Management: The reliance on automated systems for managing leveraged investments exposes Hyperliquid to severe pricing glitches, which could liquidate investors' leveraged positions and potentially trigger a platform collapse, resulting in significant losses for users.
- Increasing Regulatory Pressure: Operating outside the U.S. without KYC restrictions may attract illicit funds, and while Hyperliquid claims to block users from sanctioned countries, the lack of stringent controls could lead to regulatory crackdowns that threaten its operations.
See More
Bitmine Holds Over 4.21% of Total ETH Supply
- Significant ETH Holdings: Bitmine currently holds 3,701,589 ETH, valued at $8.8 billion based on the current price of $2,369, demonstrating its substantial influence in the Ethereum market.
- Exchange Upgrade: Bitmine is set to upgrade from NYSE American to the New York Stock Exchange on April 9, 2026, which is expected to enhance its market recognition and liquidity, further attracting investor interest.
- Investor Backing: Bitmine is supported by notable institutional investors including Cathie Wood and Bill Miller III, reflecting market confidence in its “Alchemy of 5%” strategy and aiding its expansion in the ETH market.
- Earnings Potential: Bitmine's ETH staking yields an annualized $264 million, with staked ETH accounting for 73% of its total holdings, indicating its leading position and profitability in digital asset management.
See More
Bitmine Surpasses 4.21% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 5,078,386 ETH valued at approximately $8.8 billion, representing 4.21% of the total ETH supply, indicating a strong position in the cryptocurrency market that is expected to enhance its market influence.
- Exchange Migration: Since April 9, 2026, Bitmine has transitioned from NYSE American to the New York Stock Exchange (NYSE), a move aimed at increasing its market visibility and liquidity, thereby attracting more investor attention.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) focuses on providing secure and efficient ETH staking services for institutional investors, which is expected to enhance its competitiveness in crypto asset management and attract more institutional capital.
- Investor Backing: Bitmine has garnered support from several top institutional investors, including Cathie Wood of ARK, further solidifying its strategic goal of achieving a 5% ETH holding in the future, showcasing its long-term growth potential.
See More
