Coinbase to acquire options trading platform Deribit for $2.9B

Deribit is the world's leading Bitcoin and Ethereum options trading platform, with more than $1.2 trillion in annual trading volume.

Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms.

Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8.

The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue scaling the platform’s global growth, Greg Tusar, Coinbase’s vice president of institutional product, said in the announcement.

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