The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
Coinbase has acquired crypto options exchange Deribit for $2.9 billion in cash and stock, marking a major move into U.S. crypto derivatives. The deal follows a months-long bidding contest with Kraken, which opted instead to buy NinjaTrader for $1.
5 billion. Deribit processed $1.2 trillion in trading volume last year, making it a dominant player in the crypto options market. Coinbase has agreed to pay $2.9 billion to buy bitcoin and ether options platform Deribit, according to ato buy Deribit for months, with Bloomberg reporting that options giant could be valued at $4 billion to $5 billion.U.S. futures platform Ninja Trader for $1.5 billion, allowing the exchange to compete with Coinbase in offering futures and derivatives in the U.S. Coinbase’s acquisition comes after what has been a busy year in crypto dealmaking as companies are positioning themselves in what U.S. President Donald Trump has promised to become the “ The deal with Deribit includes $700 million in cash and 11 million shares of Coinbase Class A common stock, according to the companies, making it one of the largest deals in the industry. “We’re excited to join forces with Coinbase to power a new era in global crypto derivatives,” Deribit CEO Luuk Strijers said in a statement. “As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market," Strijers. Founded in 2016, Deribit has quickly taken over market share for digital asset options trading. The exchange processed $1.2 trillion in volume in 2024, a 95% year-over-year increase, the company hadHelene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase (COIN) More Than Just Trading Platform, It's 'Mission-Critical' for Crypto Economy, Cantor SaysWill Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
Read more »
Most Anti-Crypto Congressman Shares Surprisingly Pro-Crypto Take (But There's a Catch)More crypto will be the end of crypto, according to the most anti-crypto congressman
Read more »
Coinbase (COIN) Revenue, Trading Outlook Hit by Tariff Tensions: OppenheimerHelene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks.
Read more »
Coinbase (COIN) Introduces Free Conversion for PayPal's PYUSD as Stablecoin Competition IntensifiesThe partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
Read more »
Bitcoin (BTC) Yield Platform Coming From Coinbase (COIN), Aspen DigitalThe Coinbase Bitcoin Yield Fund opens for business on May 1 and promises returns initially from basis trading, with lending and options strategies to be used in the future, according to launch partner Aspen Digital.
Read more »
Coinbase (COIN) May Miss Q1 Earnings Forecasts, Barclays, JPM Analysts SayBarclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
Read more »