Crypto Exchange Coinbase Officially Closes $2.9 Billion Deribit Deal

Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.

Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.

Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.

The exchange continues to branch out and serve different segments within crypto, and offers a perpetual…