Coinbase Finalizes Deribit Acquisition to Lead Global Crypto Derivatives Market

Key Points

1. Coinbase announced the completion of its acquisition of Deribit on August 14, 2025, enhancing its position in the crypto derivatives sector.

2. Deribit reported strong performance in July 2025, with trading volumes exceeding $185 billion and open interest of $60 billion.

3. The acquisition is expected to be immediately accretive to Coinbase’s adjusted EBITDA, with Deribit generating over $30 million in transaction revenue in July.

4. Coinbase highlighted Deribit’s 2024 performance, which included processing over $1 trillion in options trades.

5. The deal aligns with Coinbase’s strategy to expand liquidity and product offerings in global derivatives markets.