Coinbase (Coin) buys the crypto option platform Deribit in USD 2.9 billion, stock business

Coinbase has agreed to pay 2.9 billion US dollars for the purchase of Bitcoin (BTC) and Ether (Eth) option platform Deribit, according to a press release that marks its official advance in the highly profitable crypto derivative market in the USA

In addition to the competitor Kraken, the crypto exchange had been talks for months to buy Deribit, and Bloomberg reported that the option giant could have a value of 4 billion US dollars at $ 5 billion.

Instead, Kraken bought the US Futures platform Ninja Trader for 1.5 billion US

Coinbase acquisition takes place in the Krypto deal after a busy year, since companies position themselves in what US President Donald Trump has promised to become the “Krypto capital of the world”.

According to the company, the deal with Deribit comprises 700 million US dollars in cash and 11 million shares of Coinbase Class A.

“We are happy to join Coinbase to do a new era in global crypto derivatives,” said the CEO of Deribit, Luuk Strijers, in a statement.

“As a leading platform for crypto options, we have built up a strong, profitable business, and this acquisition will accelerate the foundation that we have put while we deal with even more opportunities for spot, futures, perpetuals and options.

Deribit was founded in 2016 and quickly took over the market share for trading digital asset options. The stock exchange processed the volume of $ 1.2 trillion in 2024, and an increase of 95% compared to the previous year, the company reported in January.