Coinbase are set to buy Deribit the world’s largest Bitcoin and Ether options trading platform for approximately $2.9 billion.
Founded in 2016 and based in Dubai. Deribit offers investors and traders options, futures, and spot trading in Bitcoin, Ethereum, and other cryptocurrency assets.
Greg Tusar, the vice president of institutional product at Coinbase has said “This will make us the most comprehensive player in derivatives.”
Deribit CEO Luuk Strijers has said “We’re excited to join forces with Coinbase to power a new era in global crypto derivatives. As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market.“
The transaction is expected to close later this year, pending regulatory approvals.
Expanded Tools & Capital Efficiency
The integration of Deribit’s technology with Coinbase’s product stack will unlock more efficient onboarding, enhanced fiat rails, and capital efficiency across the entire trading lifecycle.
