Coinbase Enters Crypto Derivatives with $2.9B Deal to Acquire Deribit

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Coinbase Enters Crypto Derivatives with $2.9B Deal to Acquire Deribit

Thursday, 08/05/2025 | 14:03 GMT by
Tareq Sikder

  • Deribit’s founders will exit after the deal, set to close by 2025, pending regulatory approval.
  • The acquisition includes $700 million in cash and 11 million Coinbase shares.

Coinbase

Coinbase Global has agreed to buy Deribit, a major
cryptocurrency derivatives exchange. The deal is valued at approximately $2.9
billion. Coinbase announced the acquisition on May 8, as Cointelegraph reported.

Coinbase Announces Deribit Acquisition, Pending Approval

Greg Tusar, Vice President of Institutional Product at Coinbase, Source: LinkedIn

Greg Tusar, Vice President of Institutional Product at
Coinbase, said the move is part of the exchange’s international growth plan.
“With Deribit’s strong presence and professional client base, Coinbase is
making its most substantial move yet to accelerate our international growth
strategy,” he said.

The deal includes $700 million in cash and 11 million shares
of Coinbase Class A common stock. The final amount is subject to standard
purchase price adjustments. The acquisition is expected to close later this
year, pending regulatory approval.

Deribit was founded in 2014 by John and Marius Jansen. The
company confirmed that both founders will leave the firm after the deal is
completed in 2025.

Deribit said its operations will continue as normal until
the transaction closes. “Same platform, same team, same commitment to
excellence,” it stated in a release.

🚨 BREAKING: Coinbase to acquire crypto options platform Deribit for $2.9B, expanding its offerings in the crypto derivatives market. pic.twitter.com/UOobsMoUt1

— Cointelegraph (@Cointelegraph) May 8, 2025

You may find it interesting at FinanceMagnates.com: Coinbase
Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit
.

Deribit License Transfer May Be Required

Luuk Strijers, CEO of Deribit, said the deal would provide
more trading opportunities. “This acquisition will accelerate the foundation we
laid while providing traders with even more opportunities across spot, futures,
perpetuals, and options,” he said.

Coinbase plans to integrate Deribit’s technology with its
existing services. The company said this will improve onboarding, fiat
payments , and capital efficiency across trading functions.

Reports from March had suggested that Coinbase and Deribit
informed regulators in Dubai about the possible acquisition. Deribit holds a
license in Dubai, which may need to be transferred to Coinbase if the deal is
approved. Earlier estimates placed Deribit’s valuation between $4 billion and
$5 billion.

Coinbase Global has agreed to buy Deribit, a major
cryptocurrency derivatives exchange. The deal is valued at approximately $2.9
billion. Coinbase announced the acquisition on May 8, as Cointelegraph reported.

Coinbase Announces Deribit Acquisition, Pending Approval

Greg Tusar, Vice President of Institutional Product at Coinbase, Source: LinkedIn

Greg Tusar, Vice President of Institutional Product at
Coinbase, said the move is part of the exchange’s international growth plan.
“With Deribit’s strong presence and professional client base, Coinbase is
making its most substantial move yet to accelerate our international growth
strategy,” he said.

The deal includes $700 million in cash and 11 million shares
of Coinbase Class A common stock. The final amount is subject to standard
purchase price adjustments. The acquisition is expected to close later this
year, pending regulatory approval.

Deribit was founded in 2014 by John and Marius Jansen. The
company confirmed that both founders will leave the firm after the deal is
completed in 2025.

Deribit said its operations will continue as normal until
the transaction closes. “Same platform, same team, same commitment to
excellence,” it stated in a release.

🚨 BREAKING: Coinbase to acquire crypto options platform Deribit for $2.9B, expanding its offerings in the crypto derivatives market. pic.twitter.com/UOobsMoUt1

— Cointelegraph (@Cointelegraph) May 8, 2025

You may find it interesting at FinanceMagnates.com: Coinbase
Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit
.

Deribit License Transfer May Be Required

Luuk Strijers, CEO of Deribit, said the deal would provide
more trading opportunities. “This acquisition will accelerate the foundation we
laid while providing traders with even more opportunities across spot, futures,
perpetuals, and options,” he said.

Coinbase plans to integrate Deribit’s technology with its
existing services. The company said this will improve onboarding, fiat
payments , and capital efficiency across trading functions.

Reports from March had suggested that Coinbase and Deribit
informed regulators in Dubai about the possible acquisition. Deribit holds a
license in Dubai, which may need to be transferred to Coinbase if the deal is
approved. Earlier estimates placed Deribit’s valuation between $4 billion and
$5 billion.

Tareq Sikder

  • 1517 Articles
  • 25 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1517 Articles
  • 25 Followers

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