Coinbase Strikes $2.9 Billion Deal to Acquire Deribit

Cryptocurrency exchange Coinbase has agreed to acquire Deribit, the largest platform for trading Bitcoin options. The deal is valued at $2.9 billion, sources confirmed to WSJ.

This acquisition will strengthen the position of the largest American crypto company in the derivatives market, where it has so far lagged behind Binance and OKX.

Deribit accounts for over 85% of the Bitcoin options segment. Founded in 2016, the platform also offers futures and spot trading.

For Coinbase, this purchase will be the largest in its history.

“The deal will make us a leader in this area,” stated Greg Tusar, Vice President of the trading platform.

According to him, the integration of Deribit will accelerate the company’s expansion beyond the United States.

The payment structure includes $700 million in cash and 11 million Coinbase shares. The deal is expected to close by the end of the third quarter of 2025, pending regulatory approval.

Back in March, the exchange Kraken reached an agreement to acquire the futures trading platform NinjaTrader for $1.5 billion.

In April, Ripple announced the acquisition of the institutional lending and brokerage platform Hidden Road for $1.25 billion.