Coinbase Acquires Deribit for $2.9 Billion to Expand Crypto Derivatives
🔄Coinbase Global Inc. has announced the acquisition of Deribit, the world's largest cryptocurrency options platform, for approximately $2.9 billion. The deal comprises $700 million in cash and 11 million shares of Coinbase Class A common stock. This strategic move aims to bolster Coinbase's position in the rapidly growing crypto derivatives market.
➡️Established in 2016 and headquartered in Dubai, Deribit offers a range of services including options, futures, and spot trading. In 2024, the platform's trading volumes nearly doubled to $1.2 trillion, highlighting its significant role in the crypto trading ecosystem.
📉The acquisition aligns with a broader trend of increased crypto deal activity, supported by a favorable regulatory environment. Coinbase, valued at over $50 billion, has experienced a rise in trading activity and revenue, positioning it as a leading player in the industry.
This acquisition represents Coinbase's largest to date, following previous deals such as One River Digital and Tagomi. The integration of Deribit's infrastructure and customer base is expected to enhance Coinbase's offerings and market share in the derivatives sector.
The deal is subject to regulatory approval in Dubai, where Deribit is licensed. Coinbase has been proactive in ensuring compliance with regulations in various jurisdictions, which positions it favorably for this acquisition.
📈This acquisition underscores Coinbase's commitment to expanding its services and solidifying its leadership in the global cryp
to market.
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