The largest acquisition deal in the history of cryptocurrencies:

Coinbase's acquisition of Deribit: In a historic deal announced on May 8, 2025, Coinbase agreed to acquire Deribit, a global leading platform for trading cryptocurrency derivatives, for approximately 2.9 billion USD.

The deal's value consists of 700 million USD in cash and 11 million shares of Coinbase Class A common stock.

Deribit is considered the largest exchange in the world for trading cryptocurrency options and futures contracts, with a trading volume of 1.2 trillion USD in 2024 and currently has about 30 billion USD in open positions.

This acquisition aims to make Coinbase the leading global platform in the field of cryptocurrency derivatives, as it will integrate Deribit's technology into its existing services.