Crypto Exchange Coinbase Officially Closes $2.9 Billion Deribit Deal

Crypto change Coinbase closed the acquisition of Deribit, the world’s largest crypto choices buying and selling platform by quantity, including to its portfolio of digital asset companies.

Buying and selling volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and complex merchants, Coinbase said on Thursday.

Coinbase agreed to acquire Deribit for $2.9 billion in Might as a part of its worldwide growth technique.

The change continues to department out and serve totally different segments inside crypto, and presents a perpetual futures platform, a primary brokerage, a spot retail trading platform, institutional lending companies and asset custody for clients in an try to develop into a one-stop store for crypto.

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Coinbase acquires 5 companies to date in 2025

Coinbase has acquired 5 corporations and tasks to date in 2025, together with Deribit, as the corporate expands and diversifies its companies.

The corporate introduced the purchase of Spindle, a blockchain-based promoting platform that helps content material creators enhance their on-line visibility, in January.

The identical month, the change acquired the staff behind Roam, a blockchain-based on-line browser. 

Coinbase acquired the Liquifi platform in July. Liquifi is an organization centered on managing early-stage token startups.

Different crypto exchanges, brokerages department out to adjoining companies

Main crypto exchanges proceed to department out into adjoining companies by providing digital asset companies to totally different goal markets inside crypto.

Kraken introduced the debut of tokenized stock trading for non-US residents in Might, increasing into the tokenized securities market.

The change additionally presents crypto futures buying and selling, asset custody, staking, and over-the-counter companies for institutional purchasers.

Brokerage platform Robinhood presents mixed-asset buying and selling companies to purchasers, blurring the road between conventional monetary companies and digital finance.

The corporate introduced a layer-2 blockchain for tokenized stock trading in June for patrons within the European area.

Binance, the world’s largest change by buying and selling quantity, additionally presents a collection of retail and institutional companies, together with choices, futures buying and selling and token launch platforms.

The change has been steadily buying crypto pockets suppliers, blockchain improvement groups, different crypto exchanges and analytics platforms since 2018.

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