Coinbase to Acquire Deribit in $2.9B Deal, Biggest in Crypto History
Coinbase, a leading cryptocurrency exchange, is set to acquire Deribit, a major derivatives trading platform, in a deal worth $2.9 billion. This acquisition, the largest in the crypto industry's history, is expected to close in the second half of 2025, pending regulatory approvals.
Deribit, based in Panama, is a significant player in global Bitcoin and crypto options trading. In 2024, its total trading volumes nearly doubled to an impressive $1.2 trillion. Coinbase will pay $700 million in cash and provide 11 million shares of its Class A common stock for Deribit. The acquisition is driven by institutional investors' growing interest in crypto derivatives, seeking more exposure in this market.
Post-acquisition, Deribit will continue operating under its current brand, benefiting from Coinbase's technological infrastructure and regulatory framework. This move aims to help Coinbase better compete with offshore exchanges in the crypto derivatives trading sphere.
The acquisition of Deribit by Coinbase, valued at $2.9 billion, is a significant step in the crypto industry's evolution. It reflects the increasing demand for crypto derivatives and Coinbase's strategic expansion in this area. Upon regulatory approval, the deal is expected to close in the second half of 2025.
Read also:
- Eric Dane Diagnosed with ALS, Advocates for ACT for ALS
- Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
- Meta Unveils Ray-Ban AR Display Sunglasses; TikTok Agrees to $200 Million Deal
- Aragon Energy Sector Unites to Push for RDL 7/2025 Validation
