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Crypto

Coinbase, Deribit integrate institutional trading network; U.S. options to launch in fourth quarter

Crypto exchange Coinbase has integrated its international institutional derivatives trading system with Deribit, moving International Exchange institutional accounts into a Deribit-based environment and consolidating liquidity. Coinbase Bermuda Ltd will broker and custody institutional orders routed to Deribit, while access to Deribit’s direct platform remains restricted in the United States. For U.S. Coinbase Prime clients, options onboarding via Coinbase Financial Markets has opened, with trading scheduled to begin in the fourth quarter.

Crypto

Coinbase launches ultra-short-term betting market: will bitcoin rise or fall in 15 minutes

Coinbase launched an ultra-short-term price prediction market for U.S. users covering 10 cryptocurrencies including bitcoin and ether. The contracts let users predict whether prices will rise or fall over 15-minute or 1-hour intervals. Coinbase CEO Brian Armstrong announced the launch, saying users can choose the asset, time window and direction. The market is operated by Kalshi under U.S. CFTC regulation, with Coinbase Financial Markets providing the contracts.

Crypto

Fed releases stablecoin rules as debate flares over digital asset taxation

The digital asset market focus shifts from legislation to rulemaking as U.S. agencies move after the Clarity Act stalls in the Senate. The Federal Reserve unveiled a framework to require payment stablecoin issuers to fully back tokens with permitted reserve assets, ahead of the GENIUS Act taking effect in 2027. Bitcoin struggled as 10-year Treasury yields hit a 19-year high. In South Korea, debate resurfaced over digital asset income tax due in 2027.