Deribit, the crypto derivatives exchange acquired by Coinbase (COIN) earlier this year, is collaborating with digital asset custodian Komainu to provide institutions the capability to trade continuously without transferring assets out of custody, the companies announced on Wednesday.
This partnership connects Deribit with Komainu Connect, a platform designed to manage collateral across trading venues and custodians. Institutional clients can retain their funds entirely within Komainu’s regulated custody environment while executing trades on Deribit. This arrangement aims to mitigate counterparty and settlement risks, which have been longstanding concerns among professional crypto traders.
Similar to the overall digital asset industry, crypto derivatives are moving closer to mainstream financial acceptance. In a recent interview, Coinbase noted that it anticipates a surge of institutions from Europe and the U.S. entering the market.
Komainu, supported by Laser Digital and associated with Japanese bank Nomura, provides on-chain, bankruptcy-remote segregated wallets and accommodates a variety of collateral types, including tokenized Treasury funds like BUIDL and staked ether (sETH). Both firms stated that the integration is aimed at addressing the increasing institutional demand for secure and compliant digital asset trading.
“Clients seek the utmost in security and efficiency,” remarked Jean-David Péquignot, Deribit’s chief commercial officer. “Teaming up with Komainu delivers both.”
