Coinbase has agreed to acquire Deribit, the leading crypto options exchange, in a significant move to enhance its derivatives business.
The acquisition will position Coinbase as the premier global platform for crypto derivatives, offering a comprehensive range of trading options including spot, futures, perpetual futures, and options.
Deribit's strong market presence and track record of generating positive Adjusted EBITDA are expected to boost Coinbase's profitability and provide diversified revenue streams.
This strategic move by Coinbase aims to lead the significant growth expected in the crypto options market and accelerate its global derivatives strategy, catering to institutional and advanced traders worldwide.