Coinbase Acquires Deribit in $2.9 Billion Crypto Deal: Major Expansion Explained

In a landmark move, Coinbase, the leading U.S.-based cryptocurrency exchange, announced its acquisition of Deribit, a prominent crypto derivatives platform, for $2.9 billion on May 8, 2025. This significant deal signifies a strategic expansion for Coinbase into the lucrative crypto derivatives market, aiming to enhance their market position and generate new revenue streams in an era of declining income reports. The acquisition marks Coinbase’s largest ever with a hefty $2.9 billion price tag.