探索Coinbase Stock（Coin），比特幣期貨和以太期貨的最新趨勢，並深入了解監管發展和市場情緒。

Coinbase Stock, Bitcoin Futures, and Ether Futures: Navigating the Crypto Landscape

共同庫存，比特幣期貨和以太期貨：導航加密貨幣景觀

Coinbase's moves into regulated crypto derivatives, coupled with a friendlier regulatory environment, are shaking up Wall Street. COIN shares are soaring, and the futures market is heating up. Let's dive in!

Coinbase的轉移到受監管的加密衍生物，再加上更友好的監管環境，正在震撼華爾街。硬幣份額飆升，期貨市場正在升溫。讓我們潛入！

Coinbase's Bold Moves in Crypto Futures

Coinbase在加密期貨中的大膽移動

Coinbase is making a splash by launching US-based perpetual-style futures for Bitcoin and Ether on July 21, 2025. These nano contracts (0.01 BTC and 0.10 ETH) will trade 24/7, giving US traders a regulated way to access crypto futures without going offshore. This move aims to grab market share from unregulated global exchanges as demand for compliant crypto instruments rises. Coinbase is also offering secure custody and risk management tools, targeting both retail and institutional clients. This is all about boosting liquidity and lowering counterparty risk.

Coinbase在2025年7月21日推出了美國比特幣和Ether的美國永久風格期貨，從而引起了人們的影響。這些納米合同（0.01 BTC和0.10 ETH）將24/7交易，為美國貿易商提供一種受監管的訪問Crypto Funter的方式，而無需離岸。此舉旨在從不受管制的全球交流中獲得市場份額，因為對合規的加密工具的需求增加。 Coinbase還提供安全的監護權和風險管理工具，以零售和機構客戶為目標。這就是提高流動性並降低對手風險。

Wall Street's Thumbs Up

華爾街的大拇指

The announcement of these futures has investors pumped! Coinbase stock jumped over 6% recently, building on momentum from the Senate's approval of the GENIUS Act, which aims to create a stablecoin framework in the US. This legislative progress signals clearer rules for digital assets, a win for companies like Coinbase. Bernstein analysts are super bullish, reaffirming a Buy rating and boosting their COIN price target from $310 to $510. They see Coinbase as “the most misunderstood company in our crypto coverage universe,” citing its dominance across institutional crypto, stablecoins, and tokenization.

這些未來的宣布已吸引了投資者！ Coinbase股票最近躍升了6％以上，這是參議院對《天才法》的批准的動力，該法案旨在在美國創建一個穩定的框架。這一立法進步標誌著數字資產的明確規則，這是Coinbase等公司的勝利。伯恩斯坦分析師非常看好，重申買入評級，並將其硬幣目標目標從310美元提高到510美元。他們將Coinbase視為“我們加密貨幣覆蓋範圍中最誤解的公司”，理由是它在機構加密貨幣，Stablecoins和令牌化中的主導地位。

Bitcoin Futures: A Hint of Bearishness?

比特幣期貨：看跌的暗示？

While Coinbase is riding high, Bitcoin (BTC) derivatives metrics are showing some bearish signals. The Bitcoin futures premium dropped to a 3-month low, even with BTC prices just 8% below their all-time high. BTC options metrics also turned bearish, despite the stock market's resilience. This could be due to broader economic worries or specific industry concerns. Interestingly, institutional demand for Bitcoin remains strong, with US-listed Bitcoin spot ETFs seeing significant net inflows. So, while traders might be nervous, institutions are still buying the dip.

當Coinbase騎行高時，比特幣（BTC）衍生物指標顯示一些看跌信號。比特幣期貨溢價跌至3個月的低點，即使BTC價格低於其歷史最高水平8％。儘管股票市場具有彈性，但BTC期權指標也變成了看跌。這可能是由於更廣泛的經濟擔憂或特定的行業擔憂。有趣的是，對比特幣的機構需求仍然很大，在美國上市的比特幣現場ETF看到了大量的淨流入。因此，儘管交易者可能會感到緊張，但機構仍在購買蘸醬。

My Take: Coinbase is Playing Chess, Not Checkers

我的看法：Coinbase正在下棋，而不是檢查員

Coinbase isn't just launching futures; they're building a regulated, transparent crypto ecosystem. By addressing regulatory gaps and offering secure, accessible products, they're positioning themselves as the go-to platform for both retail and institutional investors. While Bitcoin's derivatives market might be flashing caution signs, Coinbase's long-term strategy seems solid. The bullish sentiment from analysts like those at Bernstein only reinforces this. Of course, the inherent volatility of crypto means that anything can happen, but Coinbase looks well-prepared for whatever comes next.

Coinbase不僅僅是推出期貨；他們正在建立一個受管制的透明加密生態系統。通過解決監管差距並提供安全，可訪問的產品，他們將自己定位為零售和機構投資者的首選平台。儘管比特幣的衍生品市場可能會閃爍謹慎的跡象，但Coinbase的長期策略似乎很紮實。像伯恩斯坦（Bernstein）這樣的分析師的看漲情緒只會加劇這一點。當然，加密的固有波動意味著任何事情都可能發生，但是Coinbase在接下來會發生的任何事情上看起來都準備好了。

The Bottom Line

底線

So, what's the takeaway? Coinbase is betting big on the future of regulated crypto derivatives, and the market is taking notice. While Bitcoin futures might be a bit jittery, the overall trend suggests a growing acceptance and integration of crypto into mainstream finance. Whether you're a seasoned trader or just dipping your toes in, keep an eye on Coinbase – they're shaping the future of crypto in the US. And hey, even if the market takes a nosedive, at least we'll have some good stories to tell!

那麼，收穫是什麼？ Coinbase押注了受監管的加密衍生品的未來，市場正在引起人們的注意。儘管比特幣期貨可能有些抖動，但總體趨勢表明，加密貨幣融入主流金融。無論您是經驗豐富的交易員還是只是浸入腳趾，請密切關注Coinbase - 他們正在塑造美國加密貨幣的未來。嘿，即使市場帶有鼻子，至少我們會有一些好故事要講！