Coinbase to Integrate International Derivatives Infrastructure With Deribit, Enable Options Trading

Coinbase, the global digital-asset exchange, will integrate its international derivatives trading infrastructure with Deribit, a move that will allow users to trade digital-asset options on Coinbase.

Coinbase said on September 7 that its perpetual futures system, currently operated by Coinbase International Exchange, is scheduled to migrate to "Deribit by Coinbase" on September 9. The company said combining its global network with Deribit’s derivatives technology will bolster liquidity, execution speed and risk management.

Users will not need to create a new account or complete know-your-customer verification again. Existing perpetual futures positions and balances will be transferred automatically to the new system.

The integration will also add options trading to the Coinbase app and website. At launch, the feature will be available to users in select countries outside the US and will support options based on underlying assets including Bitcoin and Ether.