Coinbase Makes $2.9B Strategic Move into Crypto Derivatives with Deribit Acquisition

In a landmark deal underscoring its ambitions in the crypto derivatives space, Coinbase has acquired Deribit, a dominant player in Bitcoin and ethereum options trading, for $2.9 billion. The transaction, comprising $700 million in cash and 11 million Coinbase shares, represents one of the largest acquisitions in the crypto sector this year. This strategic move positions Coinbase to capitalize on the growing demand for sophisticated crypto derivatives products.

Coinbase Acquires Deribit in $2.9B Bet on Crypto Derivatives

Coinbase has positioned itself as a major player in the crypto derivatives market with its acquisition of Deribit, a leading options platform, for $2.9 billion. The deal includes $700 million in cash and 11 million Coinbase shares, marking one of the largest crypto acquisitions this year.

Deribit, founded in 2016 and now headquartered in Dubai, dominates Bitcoin and Ethereum options trading, processing over $1.2 trillion in volume in 2024 alone. The move underscores Coinbase’s strategic focus on capturing growth in derivatives, the fastest-expanding segment of digital asset markets.

Base Network Dominates Ethereum Layer-2 Race with $3.7B Trading Volume

Base has solidified its position as the leading Ethereum Layer-2 network, commanding 36% of the total value locked (TVL) across the segment. With $3.49 billion in TVL and $581 million in daily volume, the Coinbase-incubated chain now holds a decisive lead over competitors like Arbitrum One.

The network’s DEX activity has rebounded sharply, processing $3.7 billion in trades during the past 24 hours alone. This represents a $551 million volume advantage and $1 billion TVL gap over its nearest rival. Base’s momentum may accelerate further with planned optimizations for Ethereum’s upcoming Pectra upgrade.