Coinbase Integrates Deribit for US Crypto Derivatives Access
- Coinbase has integrated with derivatives exchange Deribit, enabling eligible US customers to access global crypto derivatives markets.
- The integration allows US institutional clients to trade Deribit’s options and perpetual futures through Coinbase Prime and Coinbase Financial Markets.
- As of October 1, balances and positions from Coinbase International Exchange were migrated to Deribit.
- Approximately 80% of global crypto trading volume comprises derivatives, which have been largely inaccessible to US traders until now.
- Options on Coinbase Prime are expected to be available in the coming weeks for both institutional and non-US retail traders.
This integration marks a significant shift as it provides a regulated path for US clients to engage with deeper options and perpetual futures markets that were previously out of reach due to regulatory constraints.
With this development, eligible US traders can now participate in a market that constitutes approximately 80% of global crypto trading volume, enhancing their trading capabilities significantly.
