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Coinbase is Buying Deribit for $2.9B in Record Deal
The mostly-stock deal for the derivatives exchange is the largest crypto acquisition ever.
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Coinbase acquires crypto derivatives platform Deribit for $2.9 billion in the largest crypto deal to date, consolidating its derivatives business.
What’s the Scoop?
- Record-Breaking Acquisition: Coinbase will acquire Deribit for $2.9 billion, marking the largest merger in crypto history.
- Strategic Expansion: The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
- Derivatives Focus: This acquisition strengthens Coinbase's derivatives business, integrating futures, options, and perpetuals into its platform.
- Global Leader Position: The acquisition positions Coinbase as the top crypto derivatives platform by open interest and trading volume.