Coinbase, one of the leading cryptocurrency exchanges in the world, has officially completed the acquisition of Deribit — the largest international platform for trading cryptocurrency options. The deal amounted to $2.9 billion, highlighting the company’s strategic direction towards expanding its presence in the derivatives and digital assets space.
This is reported by Finway
Global Expansion and Increased Competition
In 2024, trading volumes on Deribit exceeded $1 trillion, making the platform a key player in the market. Coinbase notes that Deribit has a stable audience of institutional and experienced traders who actively use its services. With this acquisition, Coinbase aims to strengthen its position among leading crypto exchanges and become a universal hub for digital assets, increasing competition with Kraken and Binance.
“In addition to a wide range of products, it allows us to scale globally, providing broader participation and higher liquidity. And this comes at the perfect time,” the company’s press release states.
Growth Strategy and New Development Directions
Throughout 2025, Coinbase actively expanded its ecosystem, making six strategic acquisitions. Among them are the advertising blockchain platform Spindle, the Roam browser team, and the startup Liquifi, which specializes in early-stage token management. All these deals contribute to increasing the number of services for various customer categories and enable the exchange to offer comprehensive solutions for businesses and private investors.
Coinbase continues to invest in the infrastructure of prime brokerage services, perpetual futures, spot trading, institutional lending, and digital asset custody. This allows the company to effectively compete with market leaders.
The trend towards business diversification is also evident among other industry participants. In particular, in May, Kraken launched trading of tokenized stocks for non-residents of the U.S., while Robinhood introduced an L2 blockchain for digital securities transactions in Europe. Binance, for its part, has been consistently acquiring wallets, analytical tools, and other exchanges since 2018, forming a full range of services — from derivatives to token launch platforms.
At Coinbase, they expect that the integration of Deribit will not only strengthen market positions but also attract even more institutional clients looking for exchanges with the broadest functionality.