Coinbase Makes Big Bet on Derivatives With $2.9B Deribit Deal

Coinbase is making a serious play in the crypto derivatives game. The U.S.-based exchange just announced it’s buying Deribit, one of the top crypto options platforms in the world, in a $2.9 billion deal. That price tag includes $700 million in cash and 11 million Coinbase shares. The Coinbase Deribit acquisition reflects growing demand for.. The post Coinbase Makes Big Bet on Derivatives With $2.9B Deribit Deal appeared first on 99Bitcoins.

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May 10, 2025 - 12:02

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Coinbase is making a serious play in the crypto derivatives game. The U.S.-based exchange just announced it’s buying Deribit, one of the top crypto options platforms in the world, in a $2.9 billion deal. That price tag includes $700 million in cash and 11 million Coinbase shares. The Coinbase Deribit acquisition reflects growing demand for advanced crypto trading tools

This is easily one of the biggest crypto acquisitions of the year, and it signals that Coinbase is betting big on what might be the fastest-growing corner of the digital asset world.

Why Deribit?

Deribit has been around since 2016 and is now based in Dubai. It’s carved out a dominant position in crypto derivatives, especially when it comes to options on Bitcoin and Ethereum. In 2024 alone, Deribit processed over $1.2 trillion in trading volume. That’s not small money, and it’s why this acquisition caught so much attention.