Coinbase Prime, the largest U.S. crypto exchange’s institutional offering, is rolling out regulated futures and unified cross-margin functionality across crypto spot and derivatives markets, according to an announcement on Friday.
The offering will tap Coinbase Financial Markets, the company’s regulated Futures Commission Merchant overseen by the Commodity Futures Trading Commission, to provide 24/7 access to more than 20 futures contracts.
This rollout also includes Coinbase’s ”perpetual-style” futures offered through Coinbase Derivatives. Coinbase expanded its perps offering late last year, as competition among crypto-native exchanges to capture the massive potential of derivatives ramped up.
Derivatives represent roughly 70%-75% of total crypto trading volume, Kraken’s Head of Derivatives Alexia Theodorou previously told The Block.
The move also comes as Coinbase ramps up its prime brokerage offering, looking to become a one-stop offering for all institutional needs from custody and risk management to financing, lending, and trade execution for consolidated portfolio oversight.
Coinbase, for its part, started referring to itself as the “Everything Exchange” last year, when it announced it would expand into established markets like equities trading and nascent areas like tokenization and prediction markets. The exchange introduced its stock offerings across the U.S. last month.
Firms including FalconX, Bitgo, and DCG have competed to develop full-stack prime brokerage offerings for years. NYDFS-regulated qualified custodian Coinbase, which claims to manage 12% of the total crypto market cap, is working to build services around these assets.
“Coinbase Prime was designed so institutions no longer have to self-assemble their trading infrastructure. Trading, custody, financing, and risk management now operate within a single purpose-built environment for institutional workflows,” Coinbase’s Global Head of Product for Trading & Clearing, Rick Schonberg, and Senior Director of Product, Justin Davda, wrote in an announcement.
Cross-margin capabilities
To that end unified cross-margin across spot and derivatives will simplify and expand portfolio management by allowing trade “exposures to be evaluated together, within the same portfolio framework.”
Cross-margin allows traders to use their entire account balance for shared collateral across positions, whereas historically, spot and futures trading required separate collateral pools and independent risk systems.
Coinbase notes this will improve capital efficiency for hedged strategies, like popular crypto basis trades built around long spot and short futures positions, while also helping trading desks to manage exposure, collateral, and margin requirements.
“Prime’s deterministic risk model allows institutions to model margin requirements ahead of execution rather than relying on opaque margin engines,” the announcement adds.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
