NEW YORK - April 16, 2025 - Pico, a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community, today announced a strategic relationship with Coinbase Derivatives, a CFTC-regulated derivatives exchange. This collaboration aims to enhance Coinbase Derivatives' connectivity infrastructure, thereby benefiting all of its participants. Pico leveraged its deep industry expertise and worked closely with Coinbase Derivatives to deliver:

• A complete infrastructure migration: This included relocating existing systems while maintaining operational continuity. Pico designed the logistical migration of physical equipment and deployed its expert Intellihands Services team to execute rapid and efficient racking and cabling, ensuring minimal downtime and a seamless transition to the new environment.

• Intra-colocation connectivity: The connectivity established by Pico optimized communications between critical infrastructure components.

• New and existing client relationships: Pico established connections between Coinbase Derivatives and Pico clients and, through this relationship, will continue to add client connectivity going forward.

"We recognize the growing demand for advanced technology infrastructure, high-performance connectivity, data and analytics in the digital assets industry," said Jarrod Yuster, Chairman, Founder and CEO of Pico.

"This collaboration with Coinbase Derivatives demonstrates our leadership in financial markets technology across asset classes. We have again proven our ability to provide innovative, reliable and scalable solutions tailored to the needs of digital asset markets, as well as leading banks, exchanges, asset managers and trading firms."

"Pico has demonstrated resourcefulness and efficiency in deploying our infrastructure," said Greg Tusar, VP of Institutional Product for Coinbase.

"They provided a dedicated customer service team that gave us comprehensive oversight into the migration and ensured successful execution with minimal disruption to our operations."

With a proven track record of supporting global financial markets, Pico remains at the forefront of technological innovations, offering the connectivity, monitoring and analytics capabilities required for digital and traditional asset exchanges to operate at peak performance.