Coinbase Seals Deribit Takeover in $2.9B Mega-Deal
Coinbase has closed its blockbuster $2.9 billion acquisition of Deribit, marking a major push into the high-growth crypto derivatives sector.
The deal, structured as $700 million in cash plus 11 million Coinbase shares, positions the combined entity to dominate global crypto options and futures trading.
Deribit, founded in 2016, has seen explosive growth, with $1.185 trillion in 2024 trading volume—nearly double its 2023 figures. Its integration into Coinbase adds $59 billion in open interest and a record $185 billion monthly volume (July 2025).
Analysts suggest the merger could create a future trillion-dollar player, given the sheer scale of crypto derivatives—$31 trillion in offshore Bitcoin and Ethereum futures last year alone. The move signals Coinbase’s ambition to capture institutional and retail derivatives demand worldwide.
