According to the Wall Street Journal, Coinbase will acquire Deribit, a crypto options platform, through a combination of cash and stock, with a transaction value of approximately $2.9 billion, aimed at driving global expansion and strengthening its layout in the crypto derivatives market. Deribit is currently the world's largest Bitcoin and Ethereum options platform, with a trading volume of $1.2 trillion in 2024. The transaction is still subject to regulatory approval, and Coinbase will also take over Deribit's operating license in Dubai.
Coinbase to acquire crypto options platform Deribit for $2.9 billion
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