Major cryptocurrency exchange Coinbase in talks to purchase derivatives platform Deribit for approximated sum of $2.9 billion, according to recent reports.
Breaking News: Coinbase Shatters the Record Books with Deribit Acquisition!
Get ready for some serious shake-ups in the crypto world! Coinbase, the prominent U.S. cryptocurrency exchange, has agreed to acquire Deribit, the world’s leading trading platform for bitcoin and ether options, in a deal worth approximately $2.9 billion. This acquisition marks Coinbase's largest to date and is expected to close by the end of 2025.
The deal includes a $700 million cash offer and 11 million shares of Coinbase Class A common stock. Deribit, established in 2016 and based in Dubai, currently dominates around 85% of the global crypto options market and had an astounding $1.2 trillion in trading volume in 2024.
"With Deribit, we're becoming the most comprehensive player in derivatives," said Greg Tusar, Coinbase's VP of institutional product. Coinbase, boasting a market value above $50 billion, already offers futures in the U.S. and perpetual futures abroad. This acquisition is set to bolster its presence in the derivatives and options markets significantly.
This news follows a wave of crypto dealmaking fueled by a more favorable regulatory climate under President Trump. Other industry players, sensing an opportunity, are racing to expand their product offerings. For instance, Kraken recently acquired retail futures platform NinjaTrader for $1.5 billion, while Ripple struck a $1.25 billion deal for credit network Hidden Road.
The crypto industry is witnessing a period of consolidation and diversification, with major exchanges expanding into derivatives, brokerage, and futures trading. It seems that the future of cryptocurrency is not just about digital coins anymore – it's about the sophisticated financial products that can be built on top of them.
Stay tuned as we continue to bring you the latest updates on the ever-evolving world of cryptocurrency and finance!
Sources:
- The Wall Street Journal
- Coinbase Official Blog
- Deribit Official Website
In Other Crypto News:
- Some analysts predict that Bitcoin could surge past $100,000 in the near future as President Trump hints at a major trade deal with a "big" country.
- ArbitrumDAO, the Decentralized Autonomous Organization behind the layer-2 scaling solution for Ethereum, has chosen Franklin Templeton, Spiko, and WisdomTree as strategic partners for STEP 2 of its expansion plan.
We hope you found this update insightful! If you're hungry for more crypto insights, make sure to subscribe to our newsletter (shameless plug). And remember, in the world of crypto, the action never stops!
- Coinbase, following a wave of crypto dealmaking, has acquired Deribit, the leading trading platform for crypto options, for approximately $2.9 billion, making it the largest acquisition in its history.
- Deribit's acquisition by Coinbase is expected to close by the end of 2025 and will include a $700 million cash offer and 11 million shares of Coinbase Class A common stock.
- Deribit, established in 2016 and based in Dubai, dominates around 85% of the global crypto options market and had an astounding $1.2 trillion in trading volume in 2024.
- With Deribit's acquisition, Coinbase aims to become the most comprehensive player in derivatives and options markets, as it already offers futures in the U.S. and perpetual futures abroad.
- This consolidation trend in the crypto industry extends to other players, as Kraken recently acquired retail futures platform NinjaTrader for $1.5 billion, while Ripple struck a $1.25 billion deal for credit network Hidden Road.
- The future of cryptocurrency seems to be expanding beyond digital coins and moving towards sophisticated financial products, such as derivatives, brokerage, and futures trading.
- President Trump's hint at a major trade deal has some analysts predicting that Bitcoin could surge past $100,000 in the near future.
