Coinbase Completes Acquisition of Deribit

The American exchange Coinbase has finalized its acquisition of Deribit, the largest platform for trading Bitcoin options.

The biggest logo x logo partnership in crypto just became official.

We closed the deal with @DeribitOfficial. Now we’re building the most powerful global crypto platform, together. pic.twitter.com/a7fCmx3E6T

— Coinbase 🛡️ (@coinbase) August 14, 2025

The $2.9 billion deal was announced in May. Coinbase paid $700 million and transferred 11 million Class A shares.

The acquisition will enable the exchange to consolidate spot trading, futures, perpetual contracts, and options on a single platform. The company aims to create a comprehensive platform for the global crypto derivatives market.

According to the statement, Deribit ranks first in the options market. In July 2025, the trading volume on the platform exceeded $185 billion, while the current OI is approximately $59 billion.

The deal occurred amid Deribit’s record performance and growing interest in crypto options from institutional investors. Coinbase expects the acquisition to strengthen its position in the global market and increase liquidity, the statement said.

The founders of Deribit, brothers John and Marius Jansen, will leave the company following its acquisition.

In June, the volume of open positions on Bitcoin options at derivative exchanges exceeded $45 billion. Deribit’s share accounted for about 90% of the total figure.