Coinbase has completed its integration of crypto options exchange Deribit and announced plans to relaunch Coinbase Pro before the end of 2026. The integration establishes Coinbase Global Exchange, creating a single regulated liquidity pool that connects U.S. and global crypto derivatives markets through Coinbase Financial Markets, the company's futures commission merchant. The move follows CFTC guidance issued in May and will enable qualified U.S. institutional clients to trade options and perpetual contracts through compliant channels previously only available offshore. International traders are expected to gain options access within weeks, while U.S. retail access is planned for later this year. The rebuilt Coinbase Pro will support spot, futures, perpetuals, options, and equities trading, with spot margin trading offering up to 10x leverage.