Coinbase May Be Close to Multi-Billion Dollar Deal with Deribit: Bloomberg

Coinbase May Be On The Verge Of A Multi-Billion Dollar Deal With Deribit: Bloomberg

Completion of the purchase will significantly accelerate Coinbase's entry into the cryptocurrency derivatives market.

Author: Steven Alpher Updated March 21, 2025, 18:34 UTC Published March 21, 2025, 17:56 UTC

Key points:

• Coinbase is actively negotiating with the world's leading platform for trading cryptocurrency derivatives Deribit, Bloomberg reports.
• Earlier this year, Deribit was reported to be valued between $4 billion and $5 billion.

Amid the Trump administration's loosening regulatory stance, interest in the crypto space remains high, with leading US spot exchange Coinbase (COIN) in active talks to buy Deribit, a leading global derivatives trading platform, Bloomberg reports.

According to the publication, the companies have notified regulators in Dubai (where Deribit is licensed) of their negotiations.

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Earlier this year, Bloomberg — along with reports that Kraken was considering acquiring Deribit — reported that Deribit could be valued in the $4 billion to $5 billion range.

Coinbase (COIN), known for its spot trading activities, is looking to make a significant move into the lucrative cryptocurrency derivatives market by acquiring Deribit, which has seen nearly $1.2 trillion in trading volume in 2024, doubling from the previous year.

This week, another US cryptocurrency exchange, Kraken, expanded its derivatives trading operations with a $1.5 billion deal to acquire Ninja Trader.

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