Coinbase is making a serious play in the game of cryptographic derivatives. The United States headquarters has just announced that it is buying Deribit, one of the best cryptography options in the world, in an agreement of $ 2.9 billion. That price includes $ 700 million in cash and 11 million Coinbase shares. He Coinbase Disorder acquisition Reflexes growing demand for advanced crypto trade tools
This is easily one of the greatest cryptographic acquisitions of year, And he points out that Coinbase is large in what could be the fastest growing corner of the world of digital assets.
Why abandon?
Delibit has existed since 2016 and now has its headquarters in Dubai. A dominant position in cryptographic derivatives has been forged, especially when it comes to Bitcoin and Ethereum options. Only in 2024, Delibit prosecuted more than $ 1.2 billion in negotiation volume. That is not small money, and that is why this acquisition caught so much attention.
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1. @DeribitoficialAcquired by @coinbase
2. @Doppelhq,, … pic.twitter.com/dlwqpjc5ot– Bing Ventures (@bingventures) May 9, 2025
When collecting Delibit, Coinbase wins a complete set of tools to sacrifice more complex options and commercial characteristics that go beyond futures and futures markets. That could make the platform more attractive for both sophisticated merchants and institutions that seek more flexibility.
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What is the strategy here?
The encryption market has matured a lot since the days in which everyone simply exchanged round -trip coins in the spot markets. These days, derivatives, special options, have become an important part of the ecosystem. They allow merchants to cover, speculate or manage the risk in a way that the markets detected simply cannot.
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Coinbase, which has traditionally been based on spot trade rates, seems to be looking for ways to soften ups and downs that come with market volatility. Derivative trade is more sticky and causes more consistent income, even when the general market cools.
In other words, this is coinbase playing the long game.
The market reaction was … mixed
The news of the agreement gave Coinbase a small impulse, but the celebration was of short duration. This is because the company also reported a 19 percent drop in transactions for this quarter, at $ 1.3 billion. Commercial volumes have slowed down, and volatility has not helped.
On the other hand, subscription and services revenues increased to $ 698 million, 9 percent more. So, while the spot trade is cooling, other parts of the business are collecting the slack.
Still waiting in regulatory green lights
Of course, offers like this do not close overnight. The acquisition still needs a regulatory approach and has to clear some standard legal obstacles. Delibit is regulated by the Dubai Virtual Assets Regulatory Authority, so Coinbase will have to navigate those requirements carefully if they want everything to go without problems.
Acquisition of Coinbase Delibit: Looking forward
This is a great coinbase movement, and conforms to the widest consolidation in cryptography. With the main players who seek to sacrifice full service trade platforms, collecting comparisons as Deribit only makes sense.
If everything goes well, coinbase soon could be the unique window for retail merchants, institutional investors and all in Between, With derivatives playing a much more important role in that vision.
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Key control
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Coinbase is acquiring the Deribit cryptographic derivatives platform for $ 2.9 billion in cash and shares, marking one of the largest cryptographic agreements of the year.
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Delibit processes around $ 1.2 billion in annual negotiation volume and specializes in Bitcoin and Ethereum options, giving coinbase an advantage in the booming market.
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The movement indicates the change of coinbase towards more stable income flows, since the derivative trade tends to generate income consistent even follatile market cycles.
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Coinbase’s shares saw an impulse of a letter of the news, he thought it was compensated for a 19% decrease in transactions income and spot negotiation activity.
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The agreement still requires a regulatory, special approach to the Dubai Virtual Assets Regulatory Authority, before it can officially close.
The post coinbase makes a great commitment to derivatives with a $ 2.9B detribit agreement first appeared in 99Bitcoins.