Coinbase offers US institutions regulated access to global crypto options and perps

Coinbase Financial Markets has begun offering US institutional clients access to global crypto options and perpetual futures through a regulated futures commission merchant, including connectivity to Deribit's crypto options platform. The move follows Commodity Futures Trading Commission guidance that allows a regulated futures commission merchant to connect US clients with global crypto derivatives liquidity, and Coinbase Financial Markets is the first CFTC‑regulated FCM to provide this access.

Deribit, acquired by Coinbase in August 2025 as part of the company’s expansion into crypto derivatives, remains the largest crypto options exchange by open interest. CoinGlass data shows Deribit held roughly $31 billion in Bitcoin options open interest on May 27, compared with $2.7 billion on OKX, $1.8 billion on Binance and $1.2 billion on Bybit.

Institutional clients can begin onboarding immediately, with broader access, including retail, expected to follow later.

United States

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