On August 14, 2025, Coinbase announced the completion of its acquisition of Deribit, one of the largest players in the crypto derivatives market. This deal will allow Coinbase to strengthen its position and offer a wider range of products for traders.
The Acquisition Strengthening Coinbase's Position
The purchase of Deribit allows Coinbase to establish itself among the largest platforms globally, meeting the growing demand from traders for sophisticated interconnected products. The new entity will become a one-stop solution for all crypto trading needs, including spots and options. In July 2025, Deribit reached a historic record with $185 billion in volume and $60 billion in open interest, confirming the appeal of the crypto options market on an international level.
Technological Advantages of Deribit
The focus is on technologies that provide high execution speed and capital efficiency. Deribit stands out for its strengths, allowing investors to execute transactions quickly in volatile market conditions. In 2024, Deribit processed over one trillion dollars in options, confirming the effectiveness of its trading platform. This will form the basis of Coinbase's strategy aimed at increasing liquidity and expanding its product offering.
Financial and Strategic Implications for Coinbase
The Deribit acquisition is expected to be immediately accretive to Coinbase’s adjusted EBITDA. In July 2025, Deribit generated over $30 million in transaction revenues. While additional costs are anticipated in the short term, the strategic vision outweighs immediate concerns. Coinbase expects this integration to boost growth and consolidate its leadership in the global crypto derivatives market.
The acquisition of Deribit lays the strategic groundwork for Coinbase's continued growth, providing access to more reliable and regulated platforms capable of attracting major investors.
