TOKEN2049 Singapore Day 2: Coinbase Global Exchange, Wall Street Tokenization, Cardano's Midnight
- —Coinbase completed its $2.9 billion Deribit integration and launched Global Exchange
- —Eligible US institutions will access Deribit options through Coinbase Prime
- —Ethereum holds 53% of the roughly $349 billion tokenized-asset and stablecoin market
- —Hoskinson said he invested about $200 million in Midnight, whose genesis block launched in March 2026
Why it matters: The Deribit integration gives US institutions access to the roughly $30 billion Bitcoin options market, intensifying competition among exchanges for derivatives liquidity.
Source: The Crypto Times