Coinbase has successfully completed its acquisition of Deribit, one of the leading global crypto options exchanges, significantly enhancing its derivatives trading capabilities.
Completion of the Deal
Coinbase has officially completed its acquisition of Deribit, which was announced in May. Emilie Choi, President and COO of Coinbase, stated, 'We just closed the biggest deal in crypto history.' CEO Brian Armstrong added that the Deribit team 'will be a key part of our mission to build the ‘everything exchange.’
Crypto Derivatives on the Rise
According to Coinbase, Deribit is the leader in volume and open interest in the crypto options market. Currently, there are approximately $60 billion in open interest on the platform, with over $1 trillion traded in the previous year. In July, Deribit recorded a record $185 billion in trading volume, driven by an institutional surge in demand for crypto derivatives.
Reactions of Coinbase Stock
Coinbase shares did not react to the announcement as the market had already priced it in. At the end of trading, the stock was around $325, though it gained 4% over the past week. However, since the beginning of 2025, the stock has risen by 31% and by 65% over the past year.
The completion of the Deribit acquisition marks an important step for Coinbase in its effort to expand its trading services and strengthen its position in the cryptocurrency derivatives market.
