Coinbase in $5B talks to acquire Deribit

altcoin chronicle

22 Mar 2025 — 1 min read

Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly in advanced discussions to acquire Deribit, a prominent crypto options exchange, in a deal potentially valued at approximately $5 billion.

In addition to Coinbase, Kraken, another major U.S. cryptocurrency exchange, has shown interest in acquiring Deribit.

Deribit has established itself as a dominant player in the cryptocurrency options trading sector. The exchange has been collaborating with FT Partners to evaluate acquisition proposals, with valuations estimated between $4 billion and $5 billion or higher. Despite these developments, Deribit's CEO, Luuk Strijers, has stated that the company is not actively pursuing a sale.

Coinbase's pursuit of Deribit reflects a strategic effort to enhance its derivatives trading capabilities amidst a competitive and rapidly evolving market. The ongoing interest from both Coinbase and Kraken in acquiring Deribit underscores the exchange's valuable position in the crypto options trading sector and the broader trend of consolidation within the industry.

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy