Coinbase to Now Acquire Deribit for $2.9 Billion
Source: Coinbase Coinbase has agreed to acquire crypto-options exchange Deribit for about $2.9 billion, a blend of $700 million in cash and 11 million shares of Coinbase Class A stock. If regulators sign off, the deal will close by the end of the year, vaulting the US-listed company from a modest futures provider to the world’s broadest digital-asset derivatives venue. We are acquiring @DeribitOfficial to build the most powerful global crypto platform—bringing spot, futures, and options together under one roof. pic.twitter.com/6TWPiHPjrr — Coinbase ️ (@coinbase) May 8, 2025 Shares in Coinbase rallied 5.7% after Thursday’s announcement, reversing part of the platform’s year-to-date decline and illustrating investors’ appetite for revenue streams less exposed to spot-market swings. Positioning in a maturing market Options and perpetual futures already account for more than half of global crypto trading by notional value, yet US retail investors remain ...