Coinbase just announced the launch of a new high-performance matching engine on Deribit, capable of processing over 100,000 orders per second with sub-millisecond latency. They've also unified the core execution infrastructure for Deribit and Coinbase International Exchange. @coinbase They're continuing to lay the groundwork for integration. This TPS level is already higher than traditional markets, which for regular traders might just feel like 'faster execution.' But for market makers, arbitrageurs, quant traders, and options traders, matching speed, stability, and liquidity are the real core competitive advantages of an exchange. Additionally, Coinbase just secured a financial services license from the Abu Dhabi Financial Services Regulatory Authority, launched an international tokenization hub, and is rolling out a derivatives system for professional investors in the UK. They're steadily integrating spot, perpetuals, futures, and options into a unified global trading infrastructure. It feels like Coinbase's next phase might not just be about being an exchange, but building the Infra for global crypto trading. If you don’t have a Coinbase account yet, you can register here: https://advanced.(coinbase.com)/join/99LLC4W?src=referral-link