Coinbase Completes Deribit Integration and Says Coinbase Pro Returns by Year-End
By Unchained
AI summary of the source article
Coinbase announced the completion of its Deribit integration, creating the Coinbase Global Exchange and planning the year-end return of Coinbase Pro for professional traders. The combined venue holds more than $30 billion in Bitcoin options open interest, with Coinbase Financial Markets linking US and international derivatives into a single regulated liquidity pool. Over the coming weeks, Coinbase plans to roll out crypto options, unified portfolios, and spot margin trading offering up to 10x leverage. US institutions can now access Deribit products through Coinbase Prime, with retail access to options scheduled to follow later this year.
Why it matters
The integration connects US and international crypto derivatives into a single regulated liquidity pool, removing the need for individual traders to use VPNs to access overseas markets.
Key facts
- Coinbase finished integrating Deribit, forming the Coinbase Global Exchange with over $30 billion in Bitcoin options open interest.
- Coinbase Pro will return by the end of the year to support spot, futures, perpetuals, options, and equities trading.
- CFTC guidance allows Coinbase Financial Markets to connect US customers to overseas perpetual futures and options through Coinbase's Bermuda unit.