Coinbase Completes Deribit Integration, Plans to Relaunch Pro Service This Year

Coinbase, the U.S. cryptocurrency exchange, has completed its integration with options exchange Deribit.

Coinbase said on Oct. 7 that it had finished the Deribit integration. The company plans to roll out Deribit-based options trading, spot margin trading and a unified portfolio feature over the next several weeks.

At the center of the integration is Coinbase Financial Markets, or CFM, which connects the U.S. and offshore crypto derivatives markets through a single liquidity pool. Coinbase said it has built a service structure that will allow U.S. clients to access global options and perpetual futures markets based on guidance issued by the Commodity Futures Trading Commission in May.

U.S. institutional investors will be able to use Deribit options and perpetual futures through their existing Coinbase Prime accounts. Options services for Prime accounts will also be available in the coming weeks. Client onboarding has already begun.

Coinbase also plans to offer options trading in the coming weeks to eligible retail investors outside the U.S. Options trading for U.S. retail investors will launch later this year.

Coinbase Pro will also be relaunched later this year. The service will support trading in spot, futures, perpetual futures, options and stocks on a single platform.