Coinbase expands Deribit options for US institutions
4.1 Investments Coinbase Prime now lets U.S. institutions access Deribit options and perpetuals on 20+ assets, with unified liquidity but separate margin, boosting institutional crypto trading.
Coinbase has expanded its institutional services by enabling access to Deribit-sourced options and perpetual futures via Coinbase Prime. This offering is now available to eligible U.S. institutions and clients in other approved regions, covering over 20 digital assets such as Bitcoin, Ethereum, Solana, XRP, Avalanche, and HYPE. Institutions can use Bitcoin, Ethereum, and USDC as collateral, with plans to add more margin assets in the future. The integration connects U.S. and global clients to a unified order book, providing 24/7 access to global derivatives markets. While liquidity is unified, margin and funding remain separated by portfolio and settlement currency, meaning there is no single margin pool across currencies or Prime products. The derivatives are offered under the regulatory framework of Coinbase Financial Markets, a registered futures commission merchant regulated by the CFTC. This move aims to enhance trading flexibility and foster greater institutional participation in crypto.
