Coinbase, Strategy and BitMine Shares Climb After US Regulatory Breakthrough

TL;DR: Regulatory approval: The Commodity Futures Trading Commission (CFTC) authorized the trading of single-stock perpetual futures contracts on registered U.S. markets. Stock price reaction: Coinbase gained 6.42% ($146.68), BitMine rose 5.19% ($20.55), and Strategy rallied 4.36% ($136.46) during trading on November 3, 2026. Parallel financial pressure: Morgan Stanley cut its price target for Coinbase from $258 to $120 on November 2, 2026, also downgrading its investment rating to underweight. 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.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.