What is Coinbase derivatives?

Could you please explain what Coinbase derivatives are and how they work within the cryptocurrency and finance world? Are these products designed for experienced traders or are they accessible to a wider range of investors? What are the potential risks and rewards associated with investing in Coinbase derivatives, and how do they compare to other investment options in the market? Lastly, what are the regulatory considerations surrounding Coinbase derivatives, and how does the company ensure compliance with relevant authorities?