Coinbase to acquire major crypto derivatives platform Deribit for $2.9B
Coinbase Inc. today announced it will acquire Dubai-based Deribit, a leading global cryptocurrency derivatives exchange, in a deal valued at $2.9 billion.
Once sealed, this will become the largest acquisition in the crypto industry to date. It’s expected to close by the end of 2025 pending regulatory approval. According to the announcement, it consists of $700 million in cash and 11 million shares of Coinbase Class A common stock.
Deribit holds a major position in the crypto options trading and derivatives market and traded more than $1 trillion in volume in Bitcoin and other currencies, while currently holding about $30 billion in open interest. “This strategic acquisition significantly advances Coinbase’s derivatives…
