Coinbase has acquired crypto derivatives exchange Deribit for $2.9 billion, marking a significant expansion into the lucrative derivatives market.
Information on the Target
Coinbase, the leading cryptocurrency exchange in the United States, has announced its acquisition of Deribit, a prominent crypto derivatives exchange based in Dubai, for a total consideration of $2.9 billion. This transaction is notable as it represents the largest acquisition in the cryptocurrency sector to date. The deal comprises $700 million in cash and 11 million shares of Coinbase stock, significantly enhancing the company's footprint in the growing derivatives market.
Deribit is recognized for its leadership in the crypto options trading space, processing an impressive trading volume of nearly $1.2 trillion in 2024. By acquiring Deribit, Coinbase aims to solidify its position as an industry leader while catering to the increasing interest from institutional investors in more sophisticated trading products.
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Industry Overview in Dubai
The cryptocurrency market in Dubai has seen substantial growth, fueled by a pro-crypto regulatory environment and a surge in interest from both retail and institutional investors. The government has been proactive in creatin
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Deribit
in 2025
in a Other deal
Disclosed details
Transaction Size: $2,900M