Coinbase Purchases Deribit for $2.9 Billion, Expanding Derivatives Trading Reach

Coinbase has made its largest acquisition yet, acquiring crypto options platform Deribit in a landmark deal worth $2.9 billion. This move will integrate spot, futures, and options trading under one cohesive platform, streamlining service offerings and marking a significant step in the company’s international expansion strategy. Deribit, managing roughly $30 billion in open interest, is renowned for its expertise in the crypto derivatives market. The transaction, subject to regulatory approval and standard closing conditions, is anticipated to be finalized by the end of 2025.