JUST IN! Coinbase Announces Acquisition of Cryptocurrency Exchange Deribit! Here Are the Details…

Coinbase, the largest cryptocurrency exchange in the United States, announced that it has acquired leading crypto options platform Deribit for $2.9 billion.

The deal will be paid for with $700 million in cash and 11 million Coinbase Class A shares.

“Coinbase is acquiring Deribit, a leading crypto options platform. This move will combine Deribit’s options expertise with our growing perpetual futures business to deliver a more comprehensive and efficient derivatives offering for crypto investors.”

“We are excited to join forces with Coinbase to power a new era in global crypto derivatives,” said Luuk Strijers, CEO of Deribit. “We have built a strong, profitable business as the leading crypto options platform, and this acquisition accelerates the foundation we have laid as we offer investors even more opportunities across spot, futures, perpetual, and options – all under one trusted brand. Together with Coinbase, we are poised to shape the future of the global crypto derivatives market.”

*This is not investment advice.