Coinbase Brings Deribit Options and Perpetuals to US Prime Clients
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Coinbase has extended Deribit’s crypto options and perpetual futures to its US prime brokerage clients through Coinbase Financial Markets, giving institutions access to the offshore derivatives venue’s global order books. The arrangement links US institutional users to Deribit’s deep liquidity in bitcoin and ether contracts without requiring them to onboard directly to the offshore exchange. Coinbase said the integration does not create a single margin pool, meaning positions and collateral remain segregated across the two platforms. The move matters because US institutions have long been limited to thinner domestic derivatives venues, while Deribit dominates global crypto options trading. What to watch next is whether the shared order book access draws meaningful US volume and whether Coinbase moves toward unified cross-margining.
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Coinbase (COIN), Deribit, Coinbase Financial Markets
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