Coinbase Secures Deribit in $2.9B Deal, Becomes Crypto Derivatives Powerhouse
Coinbase has officially closed its acquisition of Deribit, cementing its position as the world’s largest crypto derivatives platform by both open interest and options trading activity.
The U.S.-based exchange confirmed the deal on Thursday, marking a major milestone in its global expansion strategy.
The agreement, first revealed in May 2025, carried a price tag of roughly $2.9 billion, split between $700 million in cash and 11 million shares of Coinbase Class A stock. Founded in 2016 by brothers John and Marius Jansen, Deribit has built a dominant position in the crypto options market, handling more than $1 trillion in annual trading volume.
Recent performance highlights that strength: in July, Deribit posted a record…
