TLDR Tech / Crypto
Coinbase Launches New Deribit Matching Engine
Coinbase deployed a new matching engine on Deribit capable of processing over 100,000 orders per second with sub-millisecond latency, bringing the options exchange onto the same core execution infrastructure as Coinbase International Exchange. The engine introduces brief delays for aggressive orders on select instruments, giving liquidity providers additional time to reprice quotes during fast-moving markets. Coinbase plans to migrate all perpetual futures contracts to the engine before year-end, consolidating its derivatives stack across venues.
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