Coinbase To Acquire Bitcoin And Crypto Options Platform Deribit For $2.9B

By: bitcoin magazine|2025/05/08 23:45:02
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Bitcoin MagazineCoinbase To Acquire Bitcoin And Crypto Options Platform Deribit For $2.9BBitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry’s history.Coinbase will acquire Panama-based Deribit, which currently handles a massive volume of global Bitcoin and crypto options trading volume. Subject to regulatory approvals, the acquisition is expected to close in the second half of 2025.Under the terms of the agreement, Coinbase will pay $700 million in cash and 11 million shares of Coinbase’s Class A common stock, the company said in a blog post.JUST IN: Coinbase to buy #Bitcoin and crypto options platform Deribit in $2.9 billion deal. pic.twitter.com/YjCEKvgzfh— Bitcoin Magazine (@BitcoinMagazine) May 8, 2025Deribit CEO Luuk Strijers said, “We’re excited to join forces with Coinbase to power a new era in global crypto derivatives.”“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options — all under one trusted brand.”The acquisition comes as institutional investors increasingly seek exposure to crypto derivatives. Deribit reported its total trading volumes in 2024 almost doubled to $1.2 trillion.The deal is expected to help Coinbase compete more effectively with offshore exchanges like Binance and OKX, which currently dominate crypto derivatives trading. Deribit’s regulatory licenses in multiple jurisdictions will also support Coinbase’s international expansion plans.Following the acquisition, Deribit will maintain its current operations and brand while leveraging Coinbase’s technology infrastructure and regulatory framework.At press time, Bitcoin trades at $99,488, up 2.62% over the past 24 hours, as the market reacts positively to increased institutional participation in crypto derivatives trading.This post Coinbase To Acquire Bitcoin And Crypto Options Platform Deribit For $2.9B first appeared on Bitcoin Magazine and is written by Vivek Sen.

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