Coinbase, Strategy and BitMine Shares Climb After US Regulatory Breakthrough

Coinbase shares led the crypto sector’s stock market advance on Tuesday, November 3, after U.S. regulators enabled trading in single-stock perpetual futures contracts. Michael S. Selig, Chairman of the CFTC , confirmed the measure, detailing that the contracts known as Equity Perps were approved under Commission Rule 40.3. This framework classifies the instruments as security futures products pursuant to the Commodity Futures Modernization Act of 2000. During Tuesday’s session, Coinbase Global (NASDAQ: COIN) posted a 6.42% gain to stand at $146.68. The stock’s intraday trading range fluctuated between a low of $137.89 and a high of $150.51.