US EditionCoinbase agrees to buy Deribit for $2.9bn in digital market’s biggest deal
- Coinbase agreed to acquire Deribit, a Dubai-based crypto options platform, in a $2.9 billion deal announced in early May 2025.
- The acquisition follows months of talks and occurs amid growing U.S. Regulatory support for crypto and increased industry merger activity.
- Deribit processed $1.2 trillion in 2024 trading volume, showing a 95% annual increase, and has about $30 billion in open interest on its platform.
- Deribit CEO Luuk Strijers expressed enthusiasm about partnering with Coinbase to advance the development of the international crypto derivatives market, emphasizing the enhanced trading possibilities this collaboration will offer.
- The deal positions Coinbase as a leader in crypto derivatives, broadening its product offerings and is expected to close by the end of 2025 pending regulatory approval.
70 Articles
70 Articles
Conceived in Stadskanaal, ostracized from the Netherlands: now crypto company Deribit has been acquired by Americans for 2.6 billion euros
Ten years ago, two brothers from Groningen founded crypto derivatives exchange Deribit. Dutch regulators consider the company's services far too risky for consumers, but in Trump's America, things may be different.
Coinbase says $2.9 billion Deribit deal will increase profits even as income drops in Q1
Coinbase just pulled off the biggest acquisition of a crypto firm in industry history. On Thursday, the U.S.’s largest crypto exchange announced that it would pay $2.9 billion for Deribit, a derivatives platform that lets traders bet on the future prices of cryptocurrencies like Bitcoin. Executives predicted that the acquisition was going to be a boon for Coinbase’s bottom line as the company continues to diversify its revenue. “It's been consis…
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