Coinbase Acquires Deribit in $2.9B Crypto Power Move

Krutika Adani

Coinbase Makes a Bold Play

A $2.9B deal positions Coinbase as the new king of crypto options with Deribit takeover.

The Deal Breakdown

$700M in cash + 11M Coinbase shares seals the acquisition of the world’s top crypto options platform.

Why Deribit Matters

With 80% market share and $1.2T volume in 2024, Deribit dominates BTC and ETH options.

Coinbase’s Derivatives Ambition

The acquisition makes Coinbase the #1 crypto derivatives exchange by open interest and volume.

A New Era for Crypto Trading

Amid a pro-crypto political shift, Coinbase’s move signals deeper liquidity and tighter spreads ahead.

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