Coinbase Acquires Deribit in $2.9B Deal
Coinbase is set to become the top global crypto derivatives platform by acquiring Deribit for $2.9 billion.
Coinbase has agreed to purchase Deribit, the world's largest crypto options exchange, in a $2.9 billion deal comprising $700 million in cash and 11 million shares of Coinbase stock. This acquisition positions Coinbase as a leader in the crypto derivatives market, offering a comprehensive suite of trading options including spot, futures, perpetuals, and options.
Deribit, based in Dubai, processed nearly $1.2 trillion in trading volume in 2024, with approximately $30 billion in open interest, primarily from institutional and professional traders. The acquisition is expected to enhance Coinbase's global presence and diversify its revenue streams, especially as crypto derivatives trading continues to grow.
This move aligns with a broader trend of consolidation in the crypto industry, as exchanges seek to expand their offerings and capitalize on favorable regulatory environments. Coinbase's acquisition of Deribit marks its largest deal to date and underscores its commitment to providing a full-spectrum trading platform for digital assets.
