CMC News

#Coinbase Acquires Deribit for $2.9B in Major Derivatives Market Play

Coinbase will acquire leading crypto derivatives platform #Deribit for $2.9 billion, marking its biggest move yet to accelerate international growth.

The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, with closing expected by year-end, pending regulatory approvals.

Deribit, founded in 2014, has established itself as the world's premier $BTC and $ETH options trading platform.

"This acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options—all under one trusted brand," said Deribit CEO Luuk Strijers.

This move continues a consolidation trend in #crypto markets, coming just days after #Kraken finalized its $1.5 billion acquisition of derivatives platform NinjaTrader.