- Coinbase Financial Markets is now offering U.S. institutions regulated access to global crypto derivatives like options and perpetual futures via Deribit.
- The launch follows new CFTC guidance, marking the first time a U.S.-regulated entity provides such access, with retail access expected later.
- This move aligns with a broader push by U.S. regulators and exchanges to bring crypto derivatives trading, including perpetual futures, onshore.
- Data shows Deribit, acquired by Coinbase in 2025, dominates the crypto options market with over $31 billion in Bitcoin open interest.
In a significant move for U.S. crypto markets, Coinbase Financial Markets has launched regulated access to global derivatives for institutional clients, a launch made possible by recent CFTC guidance. The service connects clients to platforms like Deribit, the crypto options giant Coinbase acquired last year, through a regulated futures commission merchant.
Institutional onboarding is immediate, according to Friday’s announcement, while broader access is expected later. This launch positions Coinbase as the first CFTC-regulated entity to offer such a bridge to offshore liquidity.
Consequently, this development is part of a wider regulatory shift. A joint statement from the SEC and CFTC in September 2025 signaled a desire to bring perpetual futures trading, which had been largely offshore, into regulated U.S. markets.
Deribit’s market dominance is clear, as CoinGlass data shows it held roughly $31 billion in Bitcoin options open interest, far exceeding competitors. Meanwhile, other U.S. venues are also expanding their crypto derivatives offerings aggressively.
For instance, CME Group recently announced plans for a crypto index futures contract and unveiled Bitcoin Volatility futures. Similarly, Kraken parent Payward completed its acquisition of the regulated derivatives platform Bitnomial in May.
The regulatory landscape continues to evolve, with CFTC staff issuing guidance on 24/7 trading, noting crypto derivatives may be well-suited for round-the-clock markets. This activity marks a clear push to deepen crypto derivatives’ presence in regulated U.S. markets.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
