Coinbase presents a serious play in the encryption derivative game. The US -based Exchange has just announced the purchase of Deribit, one of the best encryption options in the world, in a $ 2.9 billion deal. This price includes $ 700 million in cash and 11 million Coinbase shares. the Coinbase Defibit acquisition Reflect Growth Seek to advanced Encryption commerce tools
This is easily one of the largest coding acquisitions in year, It indicates that Coinbase is betting on what may be the fastest growing angle in the world of digital assets.
Why do you cover it?
Deribit has been present since 2016 and is now based in Dubai. It is engraved as a dominant position in encryption derivatives, especially when it comes to the options on Bitcoin and ethereum. In 2024 alone, Deribible was treated with more than $ 1.2 trillion in trading volume. This is not small money, which is why this acquisition caught a lot.
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1. @modibitofficialWhich was obtained before Coinbase
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By attracting Deribit, Coinbase acquires a full set of tools to provide more complex trading options and features that go beyond just spot markets and futures. This can make the platform more attractive to both traders and advanced institutions looking for more flexibility.
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What is the strategy here?
The encryption market has ripened a lot from the days when everyone trades the coins back and forth in the immediate markets. These days, derivatives, especially options, have become a major part of the ecosystem. It allows merchants to hedge, speculation, or manage risk in ways that cannot be made of realism.
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Coinbase, which traditionally relied on immediate trading fees, seems to be looking for ways to soften the rise and landing that come with market fluctuations. Derivatives trading are often more accessible and achieve more consistent revenues, even when the total market cools.
In other words, this is Coinbase plays the long game.
The market reaction was … mixed
Coinbase’s shares gave Coinbase a small boost, but the celebration was short -term. This is because the company also reported a 19 percent decrease in transactions revenue in this quarter, as it decreased to $ 1.3 billion. Trading sizes slowed, and volatility did not help.
On the other hand, subscription and services revenues increased to $ 698 million, an increase of 9 percent. So, while immediate trading cools, other parts of the works attract stagnation.
I am still awaiting regulatory green lights
Of course, no such deals are closed overnight. The acquisition still needs organizational approval and it has to erase some standard legal obstacles. Deribit is organized by the Dubai Virtual Assets Organizational Authority (VARA), so Coinbase will have to navigate these requirements carefully if they want everything to walk smoothly.
Coinbase Deribit Acquisition: Look forward
This is a big step of Coinbase, and fits the larger direction of uniformity in encryption. With the major players looking to provide fully services trading platforms, getting companies such as Deribit is logical.
If things go well, Coinbase can soon be one store for retailers, institutional investors and everyone in between, With derivatives, you play a much larger role in that vision.
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Main meals
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Coinbase gets the Deribit encryption platform for $ 2.9 billion in cash and shares, which represents one of the largest encryption deals for this year.
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Deribit treats more than $ 1.2 trillion in the annual trading volume and specializes in Bitcoin and ETHEREUM options, giving Coinbase an advantage in the prosperous derivative market.
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This step indicates that Coinbase’s transformation towards the most stable revenue flows, as the trading of derivatives tends to achieve a fixed income even during the volatile market cycles.
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Coinbase shares witnessed a short batch of news, although it was compensated by a 19 % decrease in transactions revenue and the slowdown in immediate commercial activity.
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The deal still requires organizational approval, especially from the organizational authority of the virtual assets in Dubai, before it can officially close it.
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