Coinbase invests $2.9 billion to acquire Deribit, becoming the leader in the crypto derivatives field

According to Hash Chain, Coinbase has completed the acquisition of the crypto derivatives exchange Deribit for $2.9 billion in cash and stock. This merger positions Coinbase at the top of the global crypto derivatives market in terms of open interest and options trading volume. Deribit's annual trading volume reached $1.185 trillion in 2024, a 95% year-over-year increase. Founders John Jansen and Marius Jansen have exited the company.