Coinbase, the largest cryptocurrency exchange in the United States, has partnered with Kemet, a New York-based infrastructure provider founded by Egyptian entrepreneur Ash Ashmawy, to unify institutional access to its global trading platform.
- Coinbase, the largest cryptocurrency exchange in the United States, has partnered with Kemet, a New York-based infrastructure provider founded by...
- The partnership integrates four major platforms, including Coinbase Exchange, Coinbase Derivatives Exchange, Coinbase International Exchange, and Deribit, into Kemet’s order...
- Kemet is a technology firm that simplifies how large investors trade crypto.
- “Coinbase has effectively combined options, perpetuals, dated futures, and spot trading all under one single household and one name, which...
Keep reading for the full breakdown on Ash Ashmawy — everything you need to know is covered below.
The partnership integrates four major platforms, including Coinbase Exchange, Coinbase Derivatives Exchange, Coinbase International Exchange, and Deribit, into Kemet’s order and execution management system (OEMS).
It arrives as derivatives now account for 82 per cent of centralised exchange volume, yet it remains fragmented for professional traders. Coinbase Ventures has also made an undisclosed strategic investment in the startup.
Who is Kemet, and why does it matter?
Kemet is a technology firm that simplifies how large investors trade crypto. Traditionally, institutional desks need multiple service providers to place trades, execute them, and manage risk. That process can be complex and slow.
Kemet removes that friction by bringing everything into one system. With its platform, professional investors can trade spot, futures, and options from a single interface while using advanced strategies designed for large-scale trading.
Speaking to TechCabal, Kemet’s founder and CEO, Ash Ashmawy, explained how this fits into Coinbase’s broader vision. “Coinbase has effectively combined options, perpetuals, dated futures, and spot trading all under one single household and one name, which is a blue-chip name in the industry,” he said.
He added, “That means Coinbase will want to unlock very advanced institutional experiences on top of its stack.”
While Coinbase runs large and regulated markets, building tools for complex trading requires a different kind of expertise. That is where Kemet comes in.
Its technology includes features such as smart order routing, automatic delta hedging, and spread-trading algorithms, all designed to meet the needs of institutional players.
Ashmawy noted that Coinbase originally focused on crypto-native users. “Coinbase was built as a crypto-native exchange and was mostly catering to crypto-native users,” he said.
“Large traditional players are used to certain standards and certain ways of expressing how they want to trade. We are bringing that experience into the platform.”
The Coinbase $2.9 billion infrastructure play
This partnership follows Coinbase’s $2.9 billion acquisition of Deribit in 2025, which handles over $185 billion in monthly volume. By integrating Kemet, the exchange provides the missing execution layer for that acquisition.
For Kemet, which has processed over $30 billion in cumulative volume, the backing from Coinbase validates its unified approach.
Coinbase stated that its goal is “to be the most trusted and comprehensive platform for trading,” expanding how clients execute “sophisticated derivatives strategies” across its markets.
Kemet now serves as the bridge connecting that ambition to the desks of global institutions.