Coinbase to revive Pro platform, merge with Deribit derivatives
DeFi & Yields ·
Coinbase intends to bring back its Coinbase Pro trading interface before the end of the year, folding it together with Deribit's derivatives business under a new name, Coinbase Global Exchange.
The plan, reported by The Block, would combine spot trading through the returning Pro platform with options and futures products from Deribit into one venue. The aim is a single exchange where institutional and professional traders can access both markets without switching platforms, consolidating infrastructure that has until now run separately.
The move extends Coinbase's broader push to widen its product stack beyond simple buy-and-sell crypto brokerage. The company already operates spot trading, custody, staking-adjacent services, and the Base layer-2 network, and has described itself as a liquid, regulated venue aimed at high-volume and institutional flows, according to leviathan.news. Pulling Deribit's derivatives engine into a unified exchange would mark a further step toward that multiproduct ambition.
The development sits alongside other recent moves expanding Coinbase's derivatives and global footprint, including its securing of an AFSL license from Australia's securities regulator that opened retail crypto derivatives and perpetual contracts to Australian users. Coinbase has also been active on the stablecoin and tokenization side, having acquired Hyperliquid's USDH deployer, Native Markets, to shift USDH holdings into USDC, and having secured a license from the UAE's ADGM to arrange and custody tokenized securities. Taken together, these threads point to a company building out parallel derivatives, custody, and tokenization capabilities across several jurisdictions at once.
Three distinct sources are tracking coverage of the Pro-Deribit relaunch, with reporting converging on the same core details: a year-end timeline, the Coinbase Pro branding making a return, and the combined entity being named Coinbase Global Exchange. What remains unclear is the precise rollout date, how existing Deribit users and accounts will be migrated or reconciled with Coinbase's systems, and what fee structure or asset coverage the unified exchange will offer once live. Further detail on integration mechanics and regulatory sign-off, if any is required, has not yet surfaced.