In a major move to expand its footprint in the crypto derivatives market, Coinbase has announced its intention to acquire Deribit for $2.9 billion. The deal includes a $700 million cash payment and the transfer of 11 million Class A Coinbase shares to Deribit.
This strategic acquisition is expected to strengthen Coinbase’s presence in the European and Asian markets, where demand for crypto options and futures trading continues to rise. U.S.-based financial analysts view the deal as a significant opportunity for Coinbase—especially if crypto options and perpetual futures trading gain regulatory approval in the United States, which could significantly boost the company’s revenues.
Founded in Panama in 2016 and recently relocated to Dubai, Deribit is a leading derivatives exchange known for its high liquidity in Bitcoin and Ethereum-based products. The platform has become a preferred choice among institutional investors seeking advanced crypto trading instruments.
Coinbase shares, which had fallen by around 21% in 2025, rose by 5.7% following the announcement. After reaching record market share in derivatives trading across both retail and institutional segments last quarter, Coinbase aims to leverage Deribit’s expertise to deliver more sophisticated crypto options products to its global user base.
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