Coinbase in Advanced Talks to Acquire Deribit in a Multi-Billion Dollar Deal
Coinbase, the leading cryptocurrency exchange in the United States, is in advanced negotiations to acquire Deribit, the global leader in Bitcoin and Ethereum options trading, in a deal estimated between $4-5 billion. This potential acquisition represents a strategic move for Coinbase to expand into the derivatives market, a sector currently dominated by Deribit.
An Ambitious Multi-Billion Dollar Deal
Coinbase’s potential acquisition of Deribit, as reported by Bloomberg, could value Deribit between $4-5 billion. If completed, this would be one of the largest acquisitions in the history of the crypto industry.
Both companies have reportedly informed regulatory authorities in Dubai, where Deribit is licensed, indicating that discussions are well underway, although no firm agreement has been reached yet.
A Major Play in the Crypto Derivatives Market
For Coinbase, this acquisition would mark an ambitious foray into the derivatives market, which is currently a smaller part of its overall strategy. By integrating Deribit, Coinbase aims to rapidly increase its presence in this high-margin segment.
A Wave of Consolidation Driven by Trump’s Return
This deal takes place in a political context that is favorable for crypto companies. Donald Trump’s return to the White House has given a boost to the industry, with pro-crypto appointments and symbolic initiatives like the creation of a Bitcoin reserve. As a result, there is renewed confidence in the markets and a wave of mergers and acquisitions.
Deribit: A Dutch Success Story
Founded in the Netherlands in 2016 by the Jansen brothers, Deribit has become the global reference for crypto derivatives. With backing from renowned investors such as XBTO and 10T Holdings, the platform has quickly evolved from a European startup to a major player worldwide.
