Coinbase completed its integration of Deribit, a derivatives exchange, to provide eligible US customers with regulated access to global crypto derivatives markets that have traditionally operated outside the United States. The exchange announced on Wednesday that the merger combines its international derivatives business with Deribit while allowing qualified US clients to reach that liquidity through Coinbase Financial Markets, a derivatives unit overseen by the Commodity Futures Trading Commission. Migration of Coinbase International Exchange balances and positions to Deribit occurred on October 1. Crypto derivatives represent approximately 80% of global crypto trading volume, according to Coinbase, yet US traders have historically lacked a regulated pathway to the deeper options and perpetual futures markets available offshore. This situation began to shift in May, when the CFTC issued guidance permitting Coinbase Financial Markets to connect US clients to global derivatives markets. Coinbase stated that US institutional clients will be able to access Deribit’s options and perpetual futures via Coinbase Prime and Coinbase Financial Markets. Previously, such clients typically required offshore entities and separate trading infrastructure to obtain the same access. Options through Coinbase Prime are expected to become available in the coming weeks. The company also plans to roll out options for eligible non-US retail traders during the same period, with US retail access anticipated later in the year. Related coverage noted that Coinbase received CFTC approval for a US derivatives clearinghouse. Cointelegraph maintains a commitment to independent, transparent journalism; this article adheres to its editorial policy and aims to deliver accurate, timely information. Readers are advised to verify details independently.