Coinbase has signed an agreement to acquire Deribit, the world's leading crypto options exchange. The acquisition strengthens Coinbase's position in the crypto-derivatives market, marking a new chapter for institutional crypto services.
Coinbase, the largest crypto exchange in the United States, has reached an agreement to acquire Deribit — the largest trading platform for bitcoin and ethereum options globally. With Deribit's open positions of around $30 billion and an annual trading volume of over $1.2 trillion, this acquisition strengthens Coinbase's position in the crypto-derivatives market.
Deribit has long been known as a leading platform for crypto options, especially for institutional and advanced traders. By combining Deribit's options offering with Coinbase's existing spot and futures trading services, users gain access to an ecosystem of spot, futures, perpetuals and options.
The acquisition makes Coinbase one of the largest players in crypto-derivatives measured in both open positions and trading volume. Demand for options and derivatives has increased sharply, and many experts point to the fact that this part of the market is ahead of a wave of growth, similar to what stock options experienced in the 90s.
Deribit has demonstrated a stable ability to generate positive EBITDA, and options trading often provides more stable revenues than traditional spot trading, as traders use options to manage risk in both rising and falling markets. The acquisition is therefore expected to strengthen Coinbase's profitability and ensure more predictable revenue streams.
With this, Coinbase gains a foothold in the international crypto derivatives market, especially through Deribit's license in Dubai. This gives Coinbase the opportunity to expand its offering to institutional and advanced users outside the United States, positioning the company for further growth in a market characterized by increased regulatory clarity and competition from traditional financial players.
According to reports, Coinbase and Deribit have informed regulators in Dubai of the acquisition plans. The value of the acquisition is estimated at between $4 and $5 billion, and the deal is expected to be finalized by the end of the year, subject to regulatory approval. The acquisition joins the string of strategic acquisitions by Coinbase in recent years, and marks the company's foray into the derivatives market.
“Together with Coinbase, we are ready to shape the future of the global crypto-derivatives market,” said Deribit CEO Luuk Strijers.
With this acquisition, Coinbase takes a step towards becoming a leading player in crypto derivatives.
Coinbase has signed an agreement to acquire Deribit, the world's leading crypto options exchange. The acquisition strengthens Coinbase's position in the crypto-derivatives market, marking a new chapter for institutional crypto services.
Coinbase, the largest crypto exchange in the United States, has reached an agreement to acquire Deribit — the largest trading platform for bitcoin and ethereum options globally. With Deribit's open positions of around $30 billion and an annual trading volume of over $1.2 trillion, this acquisition strengthens Coinbase's position in the crypto-derivatives market.
Deribit has long been known as a leading platform for crypto options, especially for institutional and advanced traders. By combining Deribit's options offering with Coinbase's existing spot and futures trading services, users gain access to an ecosystem of spot, futures, perpetuals and options.
The acquisition makes Coinbase one of the largest players in crypto-derivatives measured in both open positions and trading volume. Demand for options and derivatives has increased sharply, and many experts point to the fact that this part of the market is ahead of a wave of growth, similar to what stock options experienced in the 90s.
Deribit has demonstrated a stable ability to generate positive EBITDA, and options trading often provides more stable revenues than traditional spot trading, as traders use options to manage risk in both rising and falling markets. The acquisition is therefore expected to strengthen Coinbase's profitability and ensure more predictable revenue streams.
With this, Coinbase gains a foothold in the international crypto derivatives market, especially through Deribit's license in Dubai. This gives Coinbase the opportunity to expand its offering to institutional and advanced users outside the United States, positioning the company for further growth in a market characterized by increased regulatory clarity and competition from traditional financial players.
According to reports, Coinbase and Deribit have informed regulators in Dubai of the acquisition plans. The value of the acquisition is estimated at between $4 and $5 billion, and the deal is expected to be finalized by the end of the year, subject to regulatory approval. The acquisition joins the string of strategic acquisitions by Coinbase in recent years, and marks the company's foray into the derivatives market.
“Together with Coinbase, we are ready to shape the future of the global crypto-derivatives market,” said Deribit CEO Luuk Strijers.
With this acquisition, Coinbase takes a step towards becoming a leading player in crypto derivatives.
