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.