On 13 August 2026, Deribit began the phased rollout of selected spot pairs routing to Coinbase Exchange (CBE), starting with BNB-USDC. This is the first phase of a broader rollout intended to expand liquidity, asset coverage, and execution quality across Deribit’s spot markets.
What is changing?
For selected pairs, orders placed through Deribit will access liquidity from CBE. These markets will also adopt CBE’s trading specifications instead of Deribit’s legacy spot specifications.
This means clients will begin to benefit from:
- Deeper liquidity
- Improved execution quality
- Expanded asset access over time
- Broader platform utility, as spot-acquired assets can be used as collateral within the Deribit ecosystem
The rollout will take place in phases, with additional spot pairs and collateral assets expected to be supported over time.
What this means for clients
Routed pairs will remain accessible through the Deribit trading interface, while their underlying liquidity will be sourced from CBE. In this way, clients benefit from broader spot coverage and improved market quality, while being able to continue trading within the Deribit environment.
Whenever a market is switched to CBE routing, trading in the affected market will be paused briefly, and all open orders on that book will be cancelled. Thereafter, trading will resume under CBE routing.
For assets that are not supported by CBE, Deribit will continue to use the existing Deribit spot book where applicable. This includes stETH, USDe, USYC, and BUIDL, which will remain on Deribit’s existing spot book rather than being rerouted under this model.
Trading specs for routed pairs
As pairs move to CBE routing, their trading specs will also align to CBE specifications rather than the legacy Deribit spot specs.
Depending on the pair, this means that clients may see changes such as finer tick sizes, finer base increments, or lower minimum quantities than before.
The table below shows the current Deribit settings versus the new CBE settings for the first set of assets:
| Asset | Old tick size | New Tick Size | Old min quantity | New min quantity |
|---|---|---|---|---|
| BTC | 1.0 | 0.01 | 0.0001 | 0.00000001 |
| ETH | 0.1 | 0.01 | 0.0001 | 0.00000001 |
| SOL | 0.01 | 0.01 | 0.1 | 0.00000001 |
| XRP | 0.0001 | 0.0001 | 1 | 0.000001 |
| PAXG | 0.1 | 0.01 | 0.01 | 0.0001 |
| BNB | 0.05 | 0.01 | 0.01 | 0.0001 |
Clients should review pair-level specs in the Knowledge Base on our website carefully before trading on newly routed markets.
Fees
As pairs move to Coinbase Exchange routing, the applicable trading fees for these markets will follow the criteria and fee tiers set out in the Fees page in our knowledge base. Clients should refer to that page for full details on how fees are determined.
Spot pairs that continue to trade on the native Deribit spot book remain fee-free, with both maker and taker fees set at 0%.
Rollout schedule
The rollout began with BNB-USDC on 13 August 2026. Additional routed pairs, including SOL-USDC, PAXG-USDC, ETH-USDC, XRP-USDC, and BTC-USDC, will follow in subsequent phases. The timing for each rollout phase remains subject to change, as stated above.
Disclaimer
Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory approvals and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.
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