Coinbase Acquires Deribit for $2.9B, Bolsters Derivatives
Coinbase has completed its $2.9 billion acquisition of Deribit, integrating the leading crypto options platform into its Everything Exchange. This is Coinbase’s sixth deal in 2025 as it builds a comprehensive digital-asset ecosystem.
Deribit posted over $1 trillion in trading volume in 2024. In July alone, volumes reached $180 billion, with $60 billion in open interest. The acquisition deepens Coinbase’s derivatives suite by combining spot, futures, perpetuals and options on one public exchange.
Institutional traders will gain seamless access to advanced derivatives, prime brokerage and custody services. Coinbase expects the Deribit team to accelerate global rollout, improving liquidity and market depth. The deal intensifies competition with Binance, Kraken and Robinhood.
Coinbase also plans US DEX trading, Solana token support, tokenized stocks and prediction markets. Despite a 2% dip in COIN stock amid regulatory and integration concerns, the move positions Coinbase for long-term growth in crypto derivatives.
Bullish
The $2.9 billion Deribit acquisition expands Coinbase’s product suite and institutional offerings, improving liquidity and market depth. In the short term, regulatory and integration concerns triggered a minor 2% COIN stock dip. However, the strategic move—Coinbase’s sixth deal of 2025—reinforces its Everything Exchange vision and positions it to capture higher derivatives flow. This combination of advanced options, futures, perpetuals, prime brokerage and custody services is likely to boost trading volumes and attract institutional demand, supporting a bullish outlook for Coinbase’s market performance.