Coinbase has announced its acquisition and partnership with Deribit to develop the most comprehensive global platform for crypto derivatives and advanced trading.
Coinbase Global, Inc. (Nasdaq: COIN) closed its $2.9 billion acquisition of Deribit after several months of negotiations. This marked one of crypto’s largest M&A transactions to date, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock.
This merger is far more than just a business deal. It unites the speed and sophistication of Deribit’s options and derivatives market with the compliance, security, and reach of Coinbase’s global platform.
With July 2025 volumes exceeding $185 billion and approximately $60 billion in open interest, Deribit brings a robust, high-liquidity order book to the Coinbase ecosystem. Last year alone, Deribit handled over $1 trillion in trading volume. This made it the go-to exchange for institutional and advanced traders seeking capital-efficient solutions and professional-grade infrastructure.
Coinbase And Deribit Platform
This partnership enables Coinbase to offer a full suite of trading products under one umbrella: spot, futures, perpetuals, and options. Traders, whether institutions or retail, will now onboard through seamless fiat rails. They will be able to enjoy expanded product access backed by tighter spreads, deeper liquidity, and enhanced execution.
Coinbase Exchange has already carved out leadership in U.S. retail and international futures exchanges. The addition of Deribit’s pioneering options and margin technology catapults the company into pole position in the global derivatives market. Together, the new platform will power cross-border trading, capital allocation, and access for hedge funds, asset managers, and active traders in every major jurisdiction.
Deribit’s cutting-edge tools, like colocation, bulk quoting, market maker protections, and ultrafast data, will integrate with Coinbase’s worldwide brand, regulatory compliance, and custody solutions at the combined location. Clients will benefit from robust security, institutional-grade margin solutions, and optimized capital efficiency for managing portfolio exposure, trading derivatives, and hedging risk.
Coinbase and Deribit are poised to offer services tailored for both institutional investors and experienced retail traders, as the regulatory landscape shifts in favour of increased cryptocurrency adoption. President Donald Trump’s pro-crypto views and the worldwide movement for regulated digital markets are ideally in alignment with this approach.
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