Coinbase Pro is coming back, and this time it is plugged into Deribit.
đ What happened
Per The Block, Coinbase finished integrating Deribit, the options venue it bought for $2.9 billion, into a new Coinbase Global Exchange, and plans to relaunch Coinbase Pro by the end of 2026.
đ Why it matters
âą The Block says it is the first time US and international derivatives markets connect into one liquidity pool.
âą Spot margin arrives with up to 10x leverage on major assets and 5x on others.
âą Deribit is the largest venue for bitcoin and $ETH options, and bitcoin options open interest topped $30 billion as of September 30.
đ What to watch
âą Options for US institutions via Coinbase Prime in the coming weeks, with US retail access later in 2026.
âą Risk: easier access to 10x leverage can amplify cascades like this week's $487 million long liquidation.
đŹ Would you use a single venue for spot, perps and options, or keep them separate?
#Coinbase #Derivatives
đ What happened
Per The Block, Coinbase finished integrating Deribit, the options venue it bought for $2.9 billion, into a new Coinbase Global Exchange, and plans to relaunch Coinbase Pro by the end of 2026.
đ Why it matters
âą The Block says it is the first time US and international derivatives markets connect into one liquidity pool.
âą Spot margin arrives with up to 10x leverage on major assets and 5x on others.
âą Deribit is the largest venue for bitcoin and $ETH options, and bitcoin options open interest topped $30 billion as of September 30.
đ What to watch
âą Options for US institutions via Coinbase Prime in the coming weeks, with US retail access later in 2026.
âą Risk: easier access to 10x leverage can amplify cascades like this week's $487 million long liquidation.
đŹ Would you use a single venue for spot, perps and options, or keep them separate?
#Coinbase #Derivatives
