Coinbase has completed its integration of Deribit, bringing more global crypto derivatives liquidity into its trading platform. The exchange announced the move on Oct. 7 as it expands options, margin trading and portfolio tools. Coinbase plans to launch several Deribit-powered products in the coming weeks and revive Coinbase Pro later this year.
The integration brings the Coinbase Global Exchange and international derivatives markets closer together. Deribit held more than $30 billion in Bitcoin options open interest on Sept. 30 and processed more than $1 trillion in trading volume last year. Coinbase can now connect that market with its regulated infrastructure.
Coinbase Expands Its Derivatives Offering
Coinbase plans to introduce Deribit-powered options, spot margin and unified portfolios. The tools are designed to bring more trading functions under one account.
The expansion will also include cross-portfolio risk modeling and multi-asset margin offsets. Traders will be able to execute options strategies in a single step through the integrated platform.
Options will initially be available to eligible traders outside the U.S. Coinbase expects to offer them to U.S. retail customers later this year.
For U.S. institutions, the integration provides access to international derivatives through Coinbase Prime. Global crypto derivatives have accounted for roughly 80% of worldwide crypto trading volume, while U.S. traders have had more limited access to those markets through regulated venues.
Coinbase says its Prime platform can give eligible institutions a single route to spot trading, futures and international derivatives.
CFTC Guidance Opened the Door
The expansion follows regulatory guidance from the Commodity Futures Trading Commission. In May 2026, the CFTC allowed Coinbase Financial Markets to connect U.S. clients with global derivatives liquidity.
The guidance covers options and perpetual futures. It established a framework for U.S. customers seeking access to international crypto derivatives through regulated channels.
Coinbase said the framework allows U.S. institutions to reach Deribit’s options market through Coinbase Prime. Clients can also access perpetual futures through the same platform.
Customers can manage spot trading, futures, custody, financing and staking through one account. Coinbase says this structure can reduce the need for offshore entities and multiple counterparties.
The platform also gives institutions a consolidated view of risk across their derivatives positions.
Options will become available through Coinbase Prime in the coming weeks, and Coinbase has already opened institutional onboarding.
Retail Traders Get New Trading Tools
Coinbase is also updating its experience for individual traders. Its new matching engine will support the expanded derivatives platform.
Coinbase Advanced now includes a strategy builder that lets traders create multi-leg options orders in a single step. Traders can see projected profits and breakeven points before placing an order.
The platform also displays greeks, funding costs, order depth and liquidity alongside the trading interface. That gives traders more information without requiring them to move between different screens.
Coinbase has shortened its retail onboarding process as well. Verification, funding and market access will require fewer steps.
The exchange has also changed its fee structure, with new tiers starting at $10,000 in qualifying trading volume. The calculation combines spot and derivatives activity, allowing active traders to reach lower commission rates through their combined volume.
Spot Margin Adds More Leverage
Coinbase will introduce spot margin trading for eligible customers. The product allows traders to borrow against collateral and increase their spot buying power.
Selected major assets will support leverage of up to 10 times. Other supported assets can carry leverage of up to five times.
Customers can use more than 15 supported assets as collateral, which Coinbase will hold on its platform during the borrowing process.
The company says traders will be able to monitor loan balances, collateral and margin health in real time.
Spot margin will also sit within the same margin portfolio as derivatives. Traders can therefore track leveraged exposure across different products from one place.
Coinbase Pro Set to Return
Coinbase plans to bring back its professional trading platform by the end of 2026. The company closed the original Coinbase Pro service in 2022 and later moved its advanced trading features into Coinbase Advanced.
Source: X
That transition was completed in November 2023. The new Coinbase Pro will target high-volume traders and customers using more complex strategies.
Coinbase plans to rebuild the platform with faster order routing and advanced execution tools. It will operate as a dedicated professional platform within the company’s broader Everything Exchange strategy.
The move gives professional traders a separate interface while Coinbase continues to develop its broader retail trading experience.
Coinbase Builds a Broader Trading Platform
The Deribit integration is part of Coinbase’s effort to bring more crypto markets together under one account. The exchange is combining derivatives with spot trading, custody, financing and other services.
Its new matching engine supports both institutional and retail order flow, while the planned Pro relaunch will give professional users a dedicated trading environment.
The expansion comes as a large share of crypto derivatives activity remains outside the United States. Coinbase is using its regulated structure to connect U.S. customers with more of that global market.
The Deribit integration is the latest addition to that strategy. Coinbase expects more products and trading tools to roll out over the coming weeks.
