Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit
By: the daily hodl|2025/05/10 01:15:04
0
Share
The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit.In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments.“This strategic acquisition significantly advances Coinbase’s derivatives business, establishing us as the premier global platform for crypto derivatives... It’s foundational to our vision of creating the most comprehensive, compliant, and user-friendly derivatives platform globally.”Deribit is the world’s leading crypto options exchange, with approximately $30 billion in current open interest. Last year, the platform also facilitated over $1 trillion in trading volume across key markets, excluding the US.Coinbase says acquiring Deribit will make it the world’s leader in crypto derivatives by open interest and options volume, as well as enable it to accelerate its international growth strategy.“Outside the US, our International Exchange offers spot and perpetual futures products. With Deribit, we will expand our international footprint even further, providing institutional and advanced traders access to robust options markets.”Reports that the two firms are in the advanced stages of acquisition talks emerged in March. Coinbase says the transaction is still subject to regulatory approvals and customary closing conditions, but is expected to be completed by the end of the year.Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price ActionSurf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.Generated Image: MidjourneyThe post Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit appeared first on The Daily Hodl.
You may also like
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
What is truly being repriced in the market is the layer between stablecoin issuers and the real economy - the transaction layer.
Strategy should have said that selling coins is not ruled out
If Saylor sells his coins, will the cryptocurrency market plummet?
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point
Coinbase executives provide an in-depth analysis: Unfazed by short-term market panic, institutions are accelerating their entry, and tokenization along with the "exchange of everything" is about to completely reconstruct the global financial infrastructure.
Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun
Agora strikes: officially applies for a federal trust bank license in the United States, elevating from a stablecoin issuer to "underlying financial infrastructure," targeting the trillion-dollar enterprise payment and B2B settlement market.
Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations
Overview of Important Market Events on May 5th
a16z Crypto: What We See Behind the $2.2 Billion New Fund
After the noise subsides, what remains is often more useful than it appeared at its peak and more enduring than it seemed at its lowest point.
Web3 is dead, Web2+3 should rise
We are not aiming to hold a self-indulgent party for Web3 practitioners, but rather to build a bridge for rational connection between Web2 and Web3.
Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market
In the Latin American remittance market, the real protagonists have never been the young people speculating on cryptocurrencies, but rather the 50-year-old workers who send money to their mothers every month. They don't care about blockchain; they only care about whether the money has arrived.
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
Hong Kong judiciary landmark: The court officially recognizes cryptocurrency as legal property and introduces the "tokenized injunction" to track and freeze involved funds, comprehensively upgrading the protection of digital asset investors.
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
What is truly being repriced in the market is the layer between stablecoin issuers and the real economy - the transaction layer.
Strategy should have said that selling coins is not ruled out
If Saylor sells his coins, will the cryptocurrency market plummet?
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
