- Coinbase plans to acquire Deribit, the largest Bitcoin and Ether options platform.
- Deribit’s valuation could reach between $4B and $5B amid acquisition talks.
- The deal would expand Coinbase’s presence in crypto derivatives.
Coinbase is in advanced discussions to purchase Deribit, a major crypto derivatives exchange. The talks are in advanced stages and the companies have notified Dubai regulators about the potential business acquisition. Deribit , a top Bitcoin and Ether options platform, holds a Dubai regulatory license which will be transferred to Coinbase if the acquisition is finalized.
Coinbase Set to Acquire Deribit
Deribit sought financial advisory services early this year to explore attractive business opportunities. These efforts attracted the attention of various potential buyers like Kraken but the firm decided to abort the acquisition process. The market value of Deribit is estimated between $4 billion and $5 billion although this figure could change based on the outcome of the current discussions.
A successful acquisition will boost the platform’s strength within the competitive crypto derivatives markets. The acquisition of Deribit would allow Coinbase to broaden its futures offerings to include options trading capabilities on its derivatives platform. Deribit reached a total trading volume of $1.2 trillion in 2024 which demonstrates its leading position in the crypto derivatives sector.
Crypto derivatives trading has witnessed substantial growth across the market, especially in the United States. In 2024 Coinbase recorded a 10,950% growth in derivatives trading volume which demonstrates growing market demand. The Deribit acquisition reflects the exchange’s plan to capitalize on the expanding derivatives market.
Crypto Derivatives Trading Trend
Other market participants continue to pursue opportunities to establish their positions within the derivatives sector. Kraken recently revealed its plans to purchase trading platform, NinjaTrader for $1.5 billion. Major exchanges such as Coinbase and CME Group witnessed substantial market growth due to the rise in popularity of crypto futures and options.
Crypto derivatives continue to experience increased demand from institutional and retail investors. Futures contracts enable traders to buy and sell assets at fixed future dates in advance through leveraged arrangements. Options offer traders the flexibility to sell and buy assets at specific prices.
Major exchanges continue to explore acquisitions and new product solutions. The potential acquisition of Deribit demonstrates Coinbase’s dedication to expand its derivatives trading options. This acquisition could set a precedent for similar transactions in the crypto derivatives markets.
Additionally, Coinbase has added new products which include Solana futures contracts in its portfolio. Solana futures saw a major market development after the US Commodity Futures Trading Commission established regulations for these contracts. The rising demand for crypto derivatives motivates more exchanges to participate and enhance the sector’s growth.