Coinbase Announces Acquisition of Cryptocurrency Options Platform Deribit

BlockBeats News, May 8th, Coinbase officially confirmed its acquisition of the cryptocurrency options platform Deribit to integrate spot, futures, and options trading. The acquisition price is approximately $2.9 billion, including $700 million in cash and 11 million shares of Coinbase Class A common stock, with the specific transaction price to be adjusted as customary.

“Through Deribit, Coinbase becomes the world’s largest platform in the global crypto derivatives space by open interest and options trading volume. Deribit brings around $30 billion in open interest and over $1 trillion in trading volume, solidifying Coinbase’s position as a leader in the global crypto market.”