According to CoinMeta, Wu said that Coinbase announced the launch of a new high-performance matching engine in Deribit, which can process over 100,000 orders per second with matching delays in the sub-millisecond range, and will enable Deribit to use the same core execution infrastructure as Coinbase International Exchange. The engine will also implement a short delay in some trading tools to allow liquidity providers to adjust their quotes during rapid market fluctuations. Coinbase plans to migrate all perpetual contracts to this engine later this year.