{"id":25795,"date":"2025-05-08T13:31:53","date_gmt":"2025-05-08T13:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25795"},"modified":"2025-05-08T13:31:53","modified_gmt":"2025-05-08T13:31:53","slug":"coinbase-to-acquire-leading-crypto-derivatives-platform-deribit-for-2-9-billion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25795","title":{"rendered":"Coinbase to Acquire Leading Crypto Derivatives Platform Deribit for $2.9 Billion"},"content":{"rendered":"
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The largest US-based crypto exchange has entered into an agreement to acquire the biggest digital asset options trading platform.<\/p>\n

The statement by Coinbase informed that the overall value of the transaction will be approximately $2.9 billion, comprised of cash and company shares.<\/p>\n

The Wall Street-listed company described<\/a> the move as a \u201cmilestone transaction,\u201d as Deribit is the global leader in terms of crypto options, with a current open interest of roughly $30 billion.<\/p>\n

According to the statement, this acquisition will highlight Coinbase\u2019s derivatives business, \u201cestablishing us as the premier global platform for crypto derivatives.\u201d<\/p>\n

It will allow Coinbase to create the \u201cmost comprehensive institutional derivatives platform\u201d using Deribit\u2019s infrastructure, which \u201ccomplements\u201d its existing one. Further, the Brian Armstrong-founded exchange expects the deal to strengthen its market leadership and help it scale to a wider audience, especially of institutional traders.<\/p>\n

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\u201cWe\u2019re excited to join forces with Coinbase to power a new era in global crypto derivatives,\u201d said Deribit CEO Luuk Strijers.<\/p>\n

\u201cAs the leading crypto options platform, we\u2019ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options \u2013 all under one trusted brand. Together with Coinbase, we\u2019re set to shape the future of the global crypto derivatives market.\u201d<\/p>\n<\/blockquote>\n

$700 million out of the $2.9 billion total will be paid in cash, while the remaining will be in the form of 11 million shares of Coinbase Class A common stock.<\/p>\n

Although the transaction is subject to regulatory approval by US watchdogs, Coinbase\u2019s stock prices soared in pre-market trading by almost 5% to over $200.<\/p>\n

This deal can become one of the biggest, if not the biggest, in the cryptocurrency industry, if approved. Recall that Ripple made a substantial move earlier this year by acquiring<\/a> Hidden Road for $1.2 billion, but its $5 billion offer to take over Circle was reportedly rejected<\/a>.<\/p>\n

The post Coinbase to Acquire Leading Crypto Derivatives Platform Deribit for $2.9 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The largest US-based crypto exchange has entered into an agreement to acquire the biggest digital asset options trading platform. The statement by Coinbase informed that the overall value of the transaction will be approximately $2.9 billion, comprised of cash and company shares. The Wall Street-listed company described the move as a \u201cmilestone transaction,\u201d as Deribit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25795","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25795"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25795\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}