Coinbase Acquires Deribit for $2.9 Billion to Enter Crypto Options Market
Coinbase will acquire Deribit for $2.9 billion, entering the crypto derivatives market in the U.S.
- The deal comprises $700 million in cash and 11 million shares of Coinbase Class A stock.
- Deribit processed $1.2 trillion in trading volume in 2024, a 95% year-over-year increase.
- Valuation estimates for Deribit range from $4 billion to $5 billion.
- Kraken acquired Ninja Trader for $1.5 billion to enhance its U.S. futures offerings.
- The acquisition positions Coinbase for anticipated institutional interest in digital assets.