Coinbase to Acquire Deribit for $2.9 Billion
Coinbase will acquire Deribit, the largest crypto options exchange, for $2.9 billion, including $700 million in cash and 11 million shares of Coinbase stock. Key points include:
- Positioning Coinbase as a leader in the crypto derivatives market.
- Deribit processed nearly $1.2 trillion in trading volume in 2024 with about $30 billion in open interest.
- The acquisition aims to enhance Coinbase's global presence and diversify revenue streams.
- This deal reflects a trend of consolidation in the crypto industry.
- It is Coinbase's largest acquisition, focusing on offering a comprehensive trading platform for digital assets.