Coinbase Acquires Deribit for $2.9B to Boost Crypto Derivatives Presence
Coinbase, a leading US-based cryptocurrency exchange, has announced its largest acquisition to date, purchasing Deribit, a significant player in global Bitcoin and crypto options trading, for $2.9 billion. The deal, subject to regulatory approvals, is expected to close in the second half of 2025.
Deribit, based in Panama, has seen a surge in trading volumes, almost doubling to $1.2 trillion in 2024. This acquisition aims to help Coinbase compete more effectively with offshore exchanges in the crypto derivatives trading sphere. Institutional investors are increasingly seeking exposure to crypto derivatives, driving this acquisition.
The acquisition, valued at $700 million in cash and 11 million shares of Class A common stock, will allow Deribit to maintain its current operations and brand. Post-acquisition, Deribit will leverage Coinbase's technology infrastructure and regulatory framework. However, the deal is subject to approval from various regulatory bodies, including FinCEN, SEC, CFTC, EU authorities, MAS, and competition authorities, depending on the activities and locations of both companies.
Coinbase's acquisition of Deribit, valued at $2.9 billion, is set to strengthen its position in the crypto derivatives market. Upon regulatory approval, Deribit will continue operating under its current brand, benefiting from Coinbase's technological and regulatory support. This deal underscores the growing interest of institutional investors in crypto derivatives and the increasing competitiveness of the crypto industry.
Read also:
- Web3 gaming platform, Pixelverse, debuts on Base and Farcaster networks
- Cannabis-Focused CTV Channel Citizen Green Launches for Global Streamers
- Goodyear in 2025: Advancement in Total Mobility through the Launch of Kmax Gen-3 by Goodyear
- Boston Metal pioneers route to commercial production for eco-friendly steel method
