Coinbase has announced its acquisition of Deribit, a leading crypto derivatives trading platform, for $2.9 billionâmaking it the largest acquisition in cryptocurrency history. The deal, pending regulatory approval, is set to close in the latter half of 2025. Coinbase will finance the acquisition with $700 million in cash and 11 million shares. This strategic move aims to enhance Coinbase's competitive stand against other major exchanges, integrate Deribitâs strong market presence, and attract institutional investors seeking crypto derivatives trading. Following the acquisition, Deribit will continue its operations while leveraging Coinbase's technology.
Bitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry's history.
Under the terms of the agreement, Coinbase will pay $700 million in cash and 11 million shares of Coinbase's Class A common stock, the company said in a blog post.
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