Trending Now - Coinbase Launches Global Crypto Derivatives for US Institutions

WHO:

NewsBTC - Coinbase Financial Markets (CFM) is the first US-regulated Futures Commission Merchant (FCM) to offer access to global crypto derivatives markets.

Cointelegraph - Eligible US institutional investors are the target clients for the new offerings.

WHAT:

NewsBTC - Coinbase announced that it will provide US clients access to global crypto derivatives markets, including options and perpetual futures.

NewsBTC - Crypto derivatives account for roughly 80% of global crypto trading volume.

NewsBTC - Coinbase Financial Markets has opened onboarding for institutional clients, offering live access to Deribit options.

NewsBTC - Deribit holds over $31 billion in Bitcoin (BTC) options open interest.

NewsBTC - The CFTC confirmed the categorization of certain crypto asset perpetuals as “foreign futures.”

WHERE:

NewsBTC - The services are being offered to US clients, specifically through Coinbase Financial Markets.

WHEN:

NewsBTC - Coinbase announced the launch of these services on a Friday.

WHY:

NewsBTC - The CFTC's guidance allows Coinbase Financial Markets to connect US clients to global crypto options and perpetual futures liquidity, addressing the lack of regulated access for US customers to this multi-trillion-dollar market.

NewsBTC - Institutional customers previously had to establish offshore entities to access these markets, incurring additional costs and risks.

HOW:

NewsBTC - The CFTC issued a non-action letter regarding FCM transfers of customer crypto assets to foreign brokers as margin, facilitating the new offerings.

NewsBTC - Coinbase's integration with Deribit enables access to global crypto options and perpetual futures markets for US institutional investors.

(UPDATED May 30, 2026 09:34 UTC)

Coinbase has made a significant move by becoming the first US-regulated Futures Commission Merchant to offer access to global crypto derivatives markets, targeting eligible institutional investors in the United States. With this new service, Coinbase Financial Markets will provide live access to Deribit options, which holds over $31 billion in Bitcoin options open interest, addressing the previous challenges faced by institutional customers who had to establish offshore entities to access these markets. The CFTC's recent guidance has paved the way for this development, allowing Coinbase to connect US clients to a multi-trillion-dollar market for crypto options and perpetual futures.