• Coinbase Global (NasdaqGS:COIN) is relaunching Coinbase Pro with Deribit integration as part of a unified Coinbase Global Exchange.

• The revamped Coinbase Pro will combine U.S. and international crypto derivatives, including options and perpetual futures, under one regulated platform.

• Institutional clients are expected to see consolidated spot and derivatives trading with shared liquidity and centralised risk management tools.

• The Coinbase Pro relaunch with Deribit integration comes alongside wider shifts in Coinbase’s product mix and risk profile that our research has highlighted. Our analysis turns up 1 warning sign for Coinbase Global as well.

Consider looking at other crypto and blockchain…