Coinbase Acquires Deribit for $2.9 Billion, Expanding Derivatives Trading Capabilities

Coinbase has acquired Deribit, the world’s leading crypto options trading platform by volume, in a landmark $2.9 billion deal. This strategic move positions Coinbase as a major force in the rapidly expanding crypto derivatives market, catering to both institutional and retail investors alike. The acquisition expands Coinbase’s offering beyond spot trading to include advanced derivative tools and services, a key step for its ambition to attract a wider audience of institutional players seeking complex financial instruments like options and futures. .