Coinbase Unveils Global Crypto Derivatives for US Institutions

Coinbase Financial Markets has made significant strides in expanding its services by launching global crypto derivatives to US institutional clients through Deribit, the largest crypto options exchange by open interest.

The move marks a major development in the growing trend of onshore perpetual futures and regulated products, with regulatory agencies signaling a path towards bringing crypto derivatives onshore. According to the Commodity Futures Trading Commission's guidance, a regulated futures commission merchant can connect US clients with global crypto derivatives liquidity.