Coinbase said the rollout will take place in the coming weeks. Access will depend on customer eligibility and selected jurisdictions, though the exchange has not identified which countries qualify, so availability cannot be assumed for every trader outside the US.
The exclusion applies specifically to spot borrowing. Coinbase says the product is offered by affiliates and is separate from Coinbase Financial Markets, which handles US derivatives.
For US customers, the margin lenders will be Coinbase Custody International Limited or Coinbase Credit, Inc., even though traders would manage spot borrowing and derivatives exposure through a shared margin portfolio.
US individuals will generally not qualify unless they meet the definition of an Eligible Contract Participant. A 2021 statement by a US Commodity Futures Trading Commission commissioner describes such participants as having discretionary investments exceeding $10 million in aggregate, or exceeding $5 million where the transaction is for risk management purposes. That bar puts the planned service beyond ordinary US retail reach.
The move follows Coinbase's completion of the Deribit migration on October 2, which set the stage for the exchange's expansion. The spot margin plan adds a distinct borrowing option for eligible customers.