Coinbase brings global crypto derivatives liquidity to US with Deribit integration
US institutions will gain access to Deribit’s options and perpetual futures through Coinbase, with US retail options expected later this year.
Coinbase has integrated Deribit, a global crypto derivatives exchange, into its platform, granting US institutions access to Deribit's options and perpetual futures. This integration opens a regulated pathway for US customers to engage with the international crypto derivatives markets that were previously inaccessible. The collaboration enables eligible US clients to access these liquidity sources through Coinbase Financial Markets, a derivatives unit overseen by the Commodity Futures Trading Commission (CFTC).
As of October 1, Coinbase International Exchange's balances and positions were transferred to Deribit. Crypto derivatives make up about 80% of worldwide crypto trading volume, but US traders have traditionally lacked a regulated route to the vast options and perpetual futures markets available overseas. This changed in May when the CFTC issued guidance permitting Coinbase Financial Markets to connect US clients to global derivatives markets.
Coinbase states that US institutional clients will now be able to access Deribit's options and perpetual futures via Coinbase Prime and Coinbase Financial Markets. Previously, these clients required offshore entities and additional trading infrastructure to access the same markets. Coinbase plans to roll out options for eligible non-US retail traders later this year.
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