Coinbase Acquires Deribit for Comprehensive Crypto Market Coverage

Coinbase has acquired Deribit, a leading platform for crypto options trading, marking a significant move in expanding its trading capabilities and market reach. This acquisition positions Coinbase at the forefront of offering end-to-end crypto trading solutions with the ability to execute options strategies alongside spot, futures, and perpetual trading. Deribit, known for its massive volume and dominance in the crypto options space, achieved $1 trillion in trading volume last year, further highlighting the strategic significance of this deal.