The Coinbase has agreed to snap the deerbit in a $ 2.9 billion deal, the officials of the two companies told The Wall Street Journal.
The deal is the greatest acquisition in the history of Crypto, which is easily defeating a $ 1.5 billion deal of cracks for ninjatrades earlier this year. Strip stated that it planned to acquire the bridge in a $ 1.1 billion deal, and Ripple announced that it would receive Hidden Road for $ 1.25 billion.
The makeup of the deal has $ 700 million in cash and 11 million shares of Class A Common Stock.
In a blog post, Coinbase said it expects to close by the end of this year.
By obtaining the deribit, the coinbase would now expand into the crypto derivatives, which was shopping for a few months. Deribit has seen Enhancement Thanks to a soft regulatory environment in overall trading volume activity and expanding interest from institutional investors looking at Crypto.
“With the strong appearance of the deribit and the professional customer base, the coinbase is still making its most important step to accelerate our international development strategy,” the Coinbase said. It plans to create the most “broad institutional derivative platform”.
“We are excited to join the army with a coinbase to bring a new era to power in Global Cripto derivatives with a statement to Blockworks, CEO of Derbit.
“As the major crypto option platform, we have created a strong, profitable business, and this acquisition will speed up the foundation laid by us, while the traders provide even more opportunities in spots, futures, evergreen and options – all under a reliable brand. Cows together with the coinbase, we are ready to shape the future of global crupt deerivatives.”
Before the deal with the coinbase, Crackon also expressed Interest In the option exchange.
Overall, Crypto M&A has seen a sharp in the last quarter, according to the data of Blockworks Research. Crypto firms specialized in finance have seen the largest amount of M&A activity.
Updated on 8 May 2025, ET: Additional reference added at 9:30 am.
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