The deal, if finalized, will mark one of the largest acquisitions in cryptocurrency history, significantly expanding Coinbase’s derivatives offerings. Deribit dominates bitcoin options trading with an 85% market share and reported $1.2 trillion in 2024 trading volume. The Wall Street Journal (WSJ) first reported on the news and Coinbase followed up with a blog post announcement.

While The WSJ cited the $2.9 billion figure, prior reports suggested a higher valuation range of $4 billion to $5 billion, reflecting past negotiations. Both companies have reportedly notified regulators in Dubai, where Deribit holds its license, a critical step for approval.

The acquisition would bolster Coinbase’s competitive edge against rivals like Binance and Bybit, enabling it to tap into surging demand for crypto derivatives. Derivatives trading volumes on Coinbase surged 10,950% in 2024, per company filings.

Industry analysts discussed the trend of consolidation with the WSJ, citing Kraken’s $1.5 billion purchase of futures platform Ninjatrader in March 2025. Deribit’s Dubai license aligns with Coinbase’s strategy to grow in crypto-friendly Middle Eastern markets.

“With Deribit’s strong presence and professional client base, Coinbase is making its most substantial move yet to accelerate our international growth strategy,” Coinbase stated. “Our complementary footprint strategically positions Coinbase within the sizable global crypto derivatives markets.”

Regulatory hurdles still remain, as terms are not finalized and approvals are pending. Coinbase’s experience navigating U.S. regulations could aid compliance, but uncertainties persist.

The deal underscores the crypto sector’s maturation, with derivatives now driving a majority of global trading activity. Final terms are expected to be disclosed pending regulatory clearance.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。