Coinbase announces $BTC and $ETH perpetual futures launching July 21st
Note: @Coinbase perpetual futures trading is leveraging @DeribitOfficial infrastructure following Coinbase’s acquisition of Deribit for $2.9 billion in May 2025.
Acquisition Details: Coinbase acquired Deribit, a leading crypto options and derivatives platform, to enhance its derivatives offerings. Deribit’s platform complements Coinbase’s existing perpetual futures business, which had a daily trading volume of approximately $10 billion as of May 8, 2025.
Integration: Coinbase now uses Deribit’s technology to support its perpetual futures trading, alongside spot, futures, and options, creating a comprehensive derivatives platform. Coinbase Advanced offers perpetual futures settled in USDC, and Deribit’s infrastructure, known for handling high-volume options and perpetuals, underpins this.
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