Coinbase Strikes $2.9 Billion Deal for Major Crypto Options Platform

The Wall Street Journal

May 08, 2025

Key PointsCoinbase to acquire Deribit for roughly $2.9B in cash and stock, expanding into crypto derivatives.The deal aims to bolster Coinbase’s global growth and comes under a friendlier regulatory ...

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The company currently offers futures trading in the U.S. and spot and perpetual futures products outside the U.S. Rising fortunesCrypto executives and investors have been buoyed by a far friendlier regulatory environment under Trump, prompting a wave of deals. Coinbase rival Kraken in late March agreed to a $1.5 billion deal for NinjaTrader, a U.S. retail futures trading platform. Cryptocurrency firm Ripple in April said it would acquire credit network Hidden Road for $1.25 billion. Earlier this year, Coinbase reported a jump in quarterly revenue and profit from a year earlier, boosted by a surge in trading activities.Deribit said its total trading volumes in 2024 almost doubled to $1.2 trillion, as it drew in more institutional investors after the presidential election.Deribit would mark the biggest deal yet for Coinbase and the broader industry. Other recent Coinbase deals have included One River Digital, which became Coinbase Asset Management, and crypto brokerage platform Tagomi, now known as Coinbase Prime. Bloomberg earlier reported the two companies were in deal talks.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}