Coinbase completes the acquisition of Deribit, becoming the sixth transaction of 2025.

CN
3 hours ago

The cryptocurrency exchange Coinbase has completed the acquisition of Deribit, the world's largest crypto options trading platform, further enriching its digital asset business portfolio.

Coinbase stated on Thursday that Deribit's trading volume surpassed $1 trillion in 2024, and the platform has a loyal user base of institutional and professional traders.

As an important part of its international expansion strategy, Coinbase agreed in May to acquire Deribit for $2.9 billion.

The exchange continues to expand its business, providing diversified services for different market segments within the cryptocurrency field, including perpetual futures platforms, prime brokerage services, spot retail trading platforms, institutional lending services, and client asset custody services, aiming to create a one-stop service platform in the cryptocurrency sector.

With the expansion and diversification of its services, Coinbase has acquired six companies and projects, including Deribit, by 2025.

The company announced in January the acquisition of Spindle, a blockchain-based advertising platform focused on helping content creators enhance their online visibility.

In the same month, the exchange also acquired the technology team behind the blockchain online browser Roam.

In July, Coinbase completed the acquisition of the Liquifi platform. Liquifi is a company focused on managing early-stage token startups.

Major cryptocurrency exchanges continue to expand their business landscape by providing digital asset services to different target customer groups within the cryptocurrency field.

Kraken announced in May the launch of tokenized stock trading services for non-U.S. residents, officially entering the tokenized securities market.

The exchange also offers users cryptocurrency futures trading, asset custody, staking, and over-the-counter trading services for institutional clients.

Brokerage platform Robinhood provides customers with hybrid asset trading services, gradually blurring the lines between traditional financial services and digital finance.

The company announced in June the launch of layer 2 blockchain technology for tokenized stock trading for customers in Europe.

Binance, as the largest exchange by trading volume globally, also offers a range of retail and institutional services, including options, futures trading, and token issuance platforms.

Since 2018, the exchange has steadily acquired cryptocurrency wallet providers, blockchain development teams, other cryptocurrency exchanges, and analytics platforms.

Related: Coinbase Development Team: AI agents will become the "largest energy-consuming entity" of Ethereum (ETH)

Original: “Coinbase Completes Acquisition of Deribit, Marking Its Sixth Deal by 2025”

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