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Coinbase completes Deribit integration and plans Coinbase Pro return by year-end

Coinbase has completed its integration of Deribit to form the Coinbase Global Exchange and announced plans to relaunch its Coinbase Pro trading platform by the end of the year.

Coinbase CEO Brian Armstrong speaking next to the Deribit by coinbase logo.
Image: @BSCNews

Coinbase has completed its integration of crypto derivatives exchange Deribit, establishing what it calls the Coinbase Global Exchange, according to reports by The Block and Unchained. Alongside the integration, Coinbase announced that it will relaunch Coinbase Pro by year-end as a dedicated platform for high-volume active traders. The resurrected platform has opened a waitlist and plans to offer spot, futures, perpetuals, options, and equities trading.[1][3]

The combined exchange held more than $30 billion in Bitcoin options open interest as of Sept. 30, following Deribit's processing of over $1 trillion in trading volume last year, Unchained reported. Through its futures commission merchant, Coinbase Financial Markets, Coinbase will link U.S. and international derivatives markets into a single regulated liquidity pool following May CFTC guidance. U.S. institutional onboarding is now open to access Deribit's options and perpetual futures through Coinbase Prime.[2][3]

The company plans to roll out options, spot margin trading, and unified portfolios over the coming weeks. Spot margin trading will offer up to 10x leverage on select major assets and 5x on others across more than 15 supported collateral assets. Coinbase noted that options trading will reach eligible users in the Coinbase app starting in late October, with U.S. retail access slated for later this year. Additionally, a new matching engine and updated Coinbase Advanced fee tiers starting at $10,000 in qualifying volume are now live.[2][3]

Key facts

  • Coinbase completed its integration of Deribit, establishing the Coinbase Global Exchange.
  • Coinbase plans to relaunch Coinbase Pro by the end of the year with support for spot, futures, perpetuals, options, and equities.
  • The combined exchange held over $30 billion in Bitcoin options open interest on Sept. 30, and Deribit processed more than $1 trillion in trading volume last year.
  • Coinbase Financial Markets will connect U.S. and global derivatives liquidity pools, with onboarding now open for U.S. institutions on Coinbase Prime.
  • Options trading is scheduled to reach eligible app users in late October, with broader U.S. retail access expected later this year.
  • Spot margin trading will offer leverage up to 10x for select major assets and 5x for others, supported by more than 15 collateral assets.
  • Coinbase has launched a new matching engine and updated Coinbase Advanced fee tiers starting at $10,000 in qualifying volume.

Sources · 3 sources

  1. TB

    The BlockArticle ·

    Coinbase Pro to return; Deribit integration creates Coinbase Global Exchange Coinbase plans to relaunch Coinbase Pro by year-end and has completed its Deribit integration, creating Coinbase Global Exchange.

    Open source
  2. BS

    BSCN@BSCNewsPost on X ·

    Coinbase Brings Pro Back as Deribit Integration Goes Live Coinbase (@coinbase) says it will relaunch Coinbase Pro by the end of this year. The exchange has completed its Deribit integration, creating Coinbase Global Exchange. Eligible US institutions will soon access global derivatives liquidity through Coinbase Financial Markets. Coinbase plans to offer Deribit-powered options, perpetual futures, and spot margin trading. Retail access in the US is expected later this year.

    Open source
  3. UN

    UnchainedArticle ·

    Coinbase Completes Deribit Integration and Says Coinbase Pro Returns by Year-End Coinbase said it has completed its integration of Deribit , creating what it calls the Coinbase Global Exchange , and that Coinbase Pro will return at the end of the year as a platform for professional traders. Coinbase said the combined exchange carries more than $30 billion in Bitcoin options open interest, measured Sept. 30, and traders will soon be able to tap that liquidity. It said Deribit processed more than $1 trillion in trading volume last year. Coinbase Financial Markets, the company’s futures commission merchant, will soon connect US and international crypto derivatives markets into a single regulated liquidity pool, Coinbase said, calling it a first in market history. For individual traders, Coinbase said, “the era of using VPNs to execute complex strategies across multiple exchanges is over.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What Rolls Out and When Coinbase expects to launch crypto options, margin trading on spot markets and unified portfolios over the next few weeks. Coinbase said US institutions can access Deribit’s options and perpetual futures through Coinbase Prime via Coinbase Financial Markets. Onboarding is open now, and options on Prime arrive in the coming weeks. Options for eligible traders outside the US also arrive in the coming weeks, while US retail access to options is planned for later this year. Coinbase’s help page says options will reach eligible users in the Coinbase app starting in late October. Under the spot margin product, Coinbase said, maximum leverage is 10x for selected major assets and 5x for others, and traders can post collateral in more than 15 supported assets. A new matching engine, a streamlined retail onboarding flow and updated Coinbase Advanced fee tiers that start at $10,000 in qualifying volume are live now, the company said. Pro Returns Coinbase said Pro will trade spot, futures, perpetuals, options and equities, as the professional platform within what it calls the Everything Exchange . Coinbase said Pro is being rebuilt for high-volume active traders, with faster order routing and improved execution flows. It gave no launch date beyond year-end and opened a waitlist. How It Got Here Coinbase announced the $2.9 billion Deribit deal in May 2025. Per the help page, perpetuals trading that ran on Coinbase International Exchange moved to Deribit on Oct. 1. In May of this year, the CFTC issued guidance that lets Coinbase Financial Markets connect US customers to overseas perpetual futures and options trading through Coinbase’s Bermuda unit. Coinbase said the guidance gave US traders a regulated way to reach those markets. Related Listen: THORChain Says It Can’t Block North Korean Laundering. Is That True? The post Coinbase Completes Deribit Integration and Says Coinbase Pro Returns by Year-End appeared first on Unchained .

    Open source