Coinbase has announced plans to bring back its Pro trading platform by the end of 2026 as part of the company's expanding "Everything Exchange" strategy. The professional platform, which the company says has been rebuilt from the ground up, will support spot trading, futures, perpetual contracts, options, and stocks. It is aimed at high-volume active traders who execute complex strategies across multiple markets. According to Coinbase, the relaunched version promises faster order routing, improved execution flows, and advanced trading tools. The relaunch reverses the company's earlier simplification push and pulls asset classes ranging from equities to derivatives into a single venue.

Coinbase retired the original Coinbase Pro in 2022, folding advanced trading into its main app and completing that transition in November 2023. The relaunch marks the return of a dedicated venue for professional traders, who typically work with instruments such as perpetual contracts — derivatives without an expiry date — and options, which give the holder the right but not the obligation to buy or sell an asset at a set price.

The announcement was made at the Token2049 conference in Singapore, where Coinbase also confirmed it has completed the integration of Deribit, the crypto options exchange it acquired for approximately $2.9 billion in August 2025. The combined entity now operates as the Coinbase Global exchange, and the integration marks the first time US and international derivatives markets have been connected into a single liquidity pool, with eligible traders drawing on one shared pool of orders rather than separate, fragmented venues.

We've been busy.
→ Deribit, the world's largest crypto options exchange, is now part of Coinbase
→ Soon, a first: US + global derivatives in one regulated liquidity pool
→ Next: options, spot margin + unified portfolios
And Coinbase Pro returns later this year. pic.twitter.com/qIQrYJQiCt
— Coinbase (@coinbase) October 7, 2026

Global Derivatives and New Trading Capabilities

The combination gives Coinbase access to Deribit's liquidity, which held more than $30 billion in Bitcoin options open interest — the tally of outstanding derivatives contracts and a standard gauge of activity in options markets — as of September 30 and processed over $1 trillion in trading volume last yearn
Coinbase Financial Markets, the company's US-regulated futures commission merchant, will roll out Deribit-powered options, spot margin, and unified portfolios in the coming weeks. Planned features include cross-portfolio risk modeling, multi-asset margin offsets, and single-step options execution. Unified portfolios are the connective tissue: they let traders manage spot holdings and derivatives positions in one account, with margin offsets recognizing collateral across products.

The structure was enabled by guidance from the Commodity Futures Trading Commission (CFTC) issued in May 2026, which allows eligible US clients to access global crypto derivatives through a regulated channel rather than through offshore entities, multiple counterparties, and fragmented venues. That regulated path is the linchpin of the arrangement, replacing offshore workarounds with a route under US regulatory guidance.

Eligible traders outside the United States will gain options access first, while US retail access is expected later this year. US institutional clients can already begin onboarding to trade Deribit options and perpetual futures through Coinbase Prime, alongside spot, futures, custody, financing, and staking on a single platform. That staggered sequence — international options first, US retail later this year, and the Pro relaunch by the end of 2026 — sets the milestones to watch as Coinbase stitches its US and global markets together.

Supporting upgrades include spot margin that allows eligible traders to borrow against collateral for leverage of up to 10x on selected major assets and 5x on other supported assets. Additional improvements cover a new high-performance matching engine, a shortened retail onboarding process, and restructured fee tiers that now activate at just $10,000 in qualifying volume across combined spot and derivatives activity. Taken together, the changes serve the same goal as the Everything Exchange strategy: keeping a trader's entire operation — spot, derivatives, and equities — inside one platform.