U.S. Digital Asset Trading Giant Coinbase Plans to Acquire Derivatives Platform Deribit
Coinbase Acquires Deribit: A Game-Changer in the Crypto Derivatives Market
In a staggering move, Coinbase, the leading U.S. cryptocurrency exchange by trading volume, has secured a deal to acquire Dubai-based derivatives powerhouse, Deribit, in a deal worth approximately $2.9 billion.
let's break it down: - The deal consists of $700 million in cash and 11 million shares of Coinbase's Class A common stock, subject to purchase price adjustments. - Regulatory approvals and customary closing conditions still need to be met before the acquisition is finalized, with a predicted completion date towards the end of the year.
This acquisition sets Coinbase on a path to dominate the global crypto derivatives market.
Deribit, currently holding an impressive 85% global market share in crypto options[1][4], will serve as a fantastic addition to Coinbase's array of offerings. This partnership will complement Coinbase's U.S. futures and international perpetual futures businesses[4].
Moreover, this acquisition will significantly boost Coinbase's international presence, generating only 20% of its revenue outside the U.S.[1]. The deal promises to enhance Coinbase's scale, reach, and liquidity, creating a more robust crypto derivatives platform for traders[3].
Institutional players such as hedge funds, asset managers, and banks will also benefit from the combined platform, which aspires to become the most institutionally aligned derivatives venue globally[3].
Following the announcement, Coinbase's shares rose more than 5%, reflecting market optimism about the deal's potential to enhance profitability and diversify revenue streams[4]. However, it's worth noting that Coinbase's stock has declined 21% year-to-date in 2025[4].
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[1] Coindesk: Coinbase to Acquire Deribit in $2.9 Billion Deal, Says It Gives Them a "Stronger Tenor"[2] Bloomberg: Coinbase Close to Deal to Buy Deribit: Report[3] InsideBitcoins: Coinbase's Acquisition of Deribit: What You Need to Know[4] Forbes: Why Coinbase's Acquisition of Deribit could be a Game-Changer
- With the acquisition of Deribit, Coinbase aims to become a dominant player in the global crypto derivatives market, leveraging Deribit's 85% global market share in crypto options.
- The partnership between Coinbase and Deribit will extend Coinbase's array of offerings, complementing their existing U.S. futures and international perpetual futures businesses.
- Coinbase anticipates that this acquisition will significantly boost its international presence, currently generating only 20% of its revenue outside the U.S., and create a more robust crypto derivatives platform for traders.
- Institutional players, such as hedge funds, asset managers, and banks, will benefit from the combined platform, which aspires to become the most institutionally aligned derivatives venue globally.
- Following the announcement, Coinbase's shares rose more than 5%, reflecting market optimism about the deal's potential to enhance profitability and diversify revenue streams.
- The latest industry stories about Coinbase's acquisition of Deribit and its potential impacts on the crypto trading industry can be found on X, Facebook, and Telegram, or subscribed to via email alerts.