Coinbase is Negotiating to Acquire Deribit

Coinbase Global is reportedly in “advanced negotiations” to acquire the Dutch derivatives startup Deribit. This potential deal, valued between $4 billion and $5 billion, could become one of the largest in the industry.

Deribit, founded about a decade ago, is a leading platform for trading cryptocurrency derivatives, especially options and futures contracts.

These allow traders to buy or sell virtual assets at predetermined prices. Known for its high volume of Bitcoin and Ethereum options, Deribit reached a trading volume of around $1.2 trillion in 2024, nearly doubling from the previous year.

Coinbase, a publicly traded company, provides a wide range of services, including enabling users to buy and sell numerous digital assets on its exchange.