Coinbase announces a $2.9B deal to acquire Deribit

25.06.2025

Coinbase announced a $2.9 billion acquisition of Deribit to expand its crypto options footprint. The deal combines cash and stock and is designed to deepen Coinbase’s derivatives offering while strengthening its reach in non-U.S. markets, where leveraged trading and options are typically more active. The move was widely read as another step toward consolidation, as large platforms compete for sophisticated retail flow and institutional derivatives demand.