Coinbase unveils acquisition of Deribit for approximately $2.9 billion

Coinbase acquired Deribit, the world's leading crypto options exchange, in a deal valued at around $2.9 billion, consisting of $700 million in cash and 11 million shares of Coinbase Class A common stock. The transaction is subject to regulatory approvals and customary closing conditions, with completion anticipated by year-end. With this acquisition, Deribit’s strong presence and professional client base will accelerate Coinbase's international growth strategy.

👉 coinbase.com/blog/coinbase-to-acquire-deribit-becoming-the-most-comprehensive-global-crypto-derivatives-platform