Coinbase Acquires Deribit in Major Push for Crypto Derivatives

Coinbase has made a bold move in the crypto market by acquiring Deribit, a leading crypto options exchange, for $2.9 billion. This strategic deal positions Coinbase as the dominant player in global crypto options trading, holding approximately 85% of the market share. The acquisition underscores a growing trend within crypto exchanges towards expanding their offerings into derivatives, particularly options, which play a crucial role in hedging and sophisticated financial strategies for institutional investors.

The move also signals Coinbase’s ambition to become a dominant force in derivatives trading, much like traditional finance institutions. By acquiring Deribit, the company strengthens its position against increasing competition from platforms such as Binance and Kraken, potentially boosting revenue streams.

Analysts highlight that this acquisition aligns with an increasingly favorable regulatory climate for crypto in the U.S., with policymakers actively working on comprehensive legislation expected by August 2025. This could pave the way for Coinbase to offer derivatives products to American users, previously restricted due to regulatory concerns.

Coinbase’s CEO is urging Congress to expedite progress on crypto bills before the deadline, suggesting a commitment to navigating the rapidly evolving regulatory landscape.