Coinbase, one of the leading cryptocurrency exchanges, has completed its acquisition of Deribit, the largest options trading platform. This deal is part of the company's strategy to expand internationally.
Details of the Deribit Deal
Coinbase has finalized its acquisition of Deribit for $2.9 billion, previously agreeing to the deal in May. Deribit was the only platform by trading volume for cryptocurrency options, with trading volumes reaching $1 trillion in 2024. Coinbase noted that the platform has a 'loyal base' of institutional and experienced traders.
Coinbase's Expansion in 2025
With the acquisition of Deribit, Coinbase is expanding its digital assets. In 2025, the company has already acquired five other projects, including platforms Spindle and Liquifi. These steps indicate Coinbase's ambition to become a leading cryptocurrency exchange by offering various services to different market segments.
Trends in the Crypto Industry
Other cryptocurrency exchanges are also actively branching into adjacent markets. For example, Kraken launched tokenized stock trading for non-U.S. residents, while Robinhood announced its layer-2 blockchain for trading tokenized stocks in Europe. Binance continues to expand its services, including options and token launch platforms, emphasizing the overall drive of the crypto industry towards diversification.
The completion of the Deribit acquisition highlights Coinbase's strategy for expansion and diversification of its services in the crypto market. As other exchanges and platforms actively develop, the market continues to grow and evolve.
