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2d ago

Coinbase Finalizes $2.9 Billion Acquisition of Deribit to Enter Crypto Derivatives Market

The deal, comprising cash and stock, expands Coinbase's offerings into high-margin options and futures trading as regulatory uncertainty in the U.S. persists.

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Overview

  • Coinbase has completed its $2.9 billion acquisition of Deribit, paying $700 million in cash and issuing 11 million Class A common stock shares.
  • The acquisition marks Coinbase's entry into the high-margin crypto derivatives market, leveraging Deribit's expertise in Bitcoin and Ethereum options and futures.
  • Deribit is a leading platform for crypto derivatives, which are projected to surpass $50 billion in trading volume by 2026, offering significant growth potential.
  • Coinbase shares rose 4.50% to $205.39 following the announcement, reflecting investor confidence in the company's diversification strategy.
  • The move comes as U.S. regulatory clarity on crypto markets remains unresolved, highlighting Coinbase's strategic push for global market leadership.