Coinbase Acquires Deribit, Establishing Global Crypto Derivatives Leader

American cryptocurrency exchange Coinbase has completed its acquisition of Deribit, a move that promises to significantly expand its presence in the crypto derivatives market. The deal, valued at $2.9 billion, combines Deribit’s impressive open interest and trading volume with Coinbase’s established platform. This strategic acquisition positions Coinbase as the global leader in crypto derivatives based on both open interest and options volume.