Coinbase to Acquire Deribit for $2.9 Billion
- Coinbase, the largest US crypto exchange by trading volume, plans to acquire Deribit.
- The acquisition deal is valued at approximately $2.9 billion.
- The payment includes $700 million in cash and 11 million shares of Coinbase’s Class A common stock.
- Deribit is a leading crypto options exchange with about $30 billion in open interest.
- The transaction is subject to regulatory approvals and expected to complete by year-end.
Coinbase’s acquisition of Deribit, valued at around $2.9 billion, aims to position it as the global leader in crypto derivatives by open interest and options volume.
Source (2.6)https://dailyhodl.com/2025/05/09/top-us-crypto-exchange-coinbase-to-acquire-derivatives-platform-deribit/?rand=59076
