Coinbase has announced the acquisition of Deribit, a leading cryptocurrency options exchange, for $2.9 billion. This move is significant for expanding its crypto derivatives offerings.
Acquisition of Deribit
Coinbase has completed its acquisition of Deribit for $2.9 billion, comprised of $700 million in cash and 11 million shares. This acquisition significantly broadens Coinbase's product offerings and allows integration of spot trading, futures, perpetual swaps, and options.
Impact on the Crypto Market
Recent data shows that Deribit demonstrates trading volumes exceeding $185 billion as of July 2025, with an open interest nearing $60 billion. Market analysts express optimism about this deal, noting its strategic importance for enhancing the company’s product offerings.
Future of Crypto Derivatives
According to CoinMarketCap, the current price of Bitcoin (BTC) is $118,274.65, with a market cap of $2.35 trillion. While there has been a 3.83% price drop in the last 24 hours, the asset shows increases of 12.47% and 14.31% over the past 60 and 90 days, respectively. This acquisition is expected to positively impact institutional participation and liquidity in the crypto derivatives space.
Coinbase's acquisition of Deribit marks a crucial step in expanding its market presence and may influence the development of crypto derivatives, increasing institutional interest in this sector.
