Coinbase to offer CFTC-regulated crypto derivatives to US investors

Coinbase has announced it will offer U.S. investors access to the global cryptocurrency derivatives market. In an official blog post, the company stated that its subsidiary, Coinbase Financial Markets, will support overseas crypto options and perpetual futures markets as a Futures Commission Merchant (FCM) regulated by the U.S. Commodity Futures Trading Commission (CFTC). Coinbase noted that while crypto derivatives account for approximately 80% of global crypto trading volume, U.S. investors have previously lacked a regulated way to trade them. This initiative will now allow U.S. customers to access global liquidity for crypto options and perpetual futures. Notably, the service will provide access to Deribit, one of the world's largest crypto options exchanges. Deribit's open interest in Bitcoin (BTC) options exceeds $31 billion, representing a majority of the global crypto options market.