Coinbase Pro to return; Deribit integration creates Coinbase Global Exchange

Eligible U.S. institutional customers are the first group to notice the change, because they already have access to Deribit options and perpetual contracts through Coinbase Prime. U.S. retail customers are affected differently: broader access is still expected later this year, so the change is not yet available to them in the same way. This also matters for professional traders who use Coinbase Pro, since that interface is set to return by year-end.

In practice, the setup now links Coinbase Financial Markets with Coinbase International Exchange and folds more products into one trading environment. That changes what can be done through Coinbase’s venues, since spot, futures, perpetuals, options and equities are now described as part of the rebuilt platform. What stays the same is that the access is still limited to eligible customers for now.

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.