Coinbase Global Seals the Deal: Deribit FZE Acquisition Finalized in Power Move for Crypto Dominance
Coinbase just bulldozed another milestone—Deribit FZE is officially under its wing. The crypto giant's latest grab signals a ruthless expansion into derivatives, and Wall Street's old guard is sweating.
Why this matters: Control the derivatives market, control the game. Coinbase isn't playing for participation trophies.
The subtext? Traditional finance's 'blockchain experiments' look even more like kindergarten art projects. While banks doodle with permissioned ledgers, Coinbase is building the damn Colosseum.
One cynical footnote: How long until the SEC files a motion to 'protect investors' by stifling this? Place your bets.
Deribit crypto trading metrics.
Deribit has processed more than $1 trillion worth of transactions in the last year, demonstrating its strength in the market.
For Coinbase, the takeover is happening at a time of institutional demand. The entry of Deribit’s advanced infrastructure will be interesting to provide increased liquidity, expanded participation, and establish Coinbase’s position in an increasingly competitive business.
Financially, the deal is expected to be accretive to Coinbase’s day one adjusted EBITDA. Deribit, for instance, generated more than $30 million in transaction revenue in July alone. Coinbase is expecting around $10 million of incremental costs in Q3 from technology, development, and administrative work, excluding acquisition-related amortization.
The purchase is a MOVE by Coinbase to capitalize on growing global demand for crypto derivatives. By combining the merits of Deribit with Coinbase’s global platform, the company is poised to offer a more sophisticated, faster, and easier trading experience for institutional and advanced retail traders.
As the crypto derivatives marketplace expands, the Coinbase purchase of Deribit is a significant milestone merging two influential industry leaders to shape the future of trading evolution.
Also Read: Ethereum’s AI Agents can Power Crypto Payments: Coinbase Devs
