The $2.9 billion cash and stock acquisition positions Coinbase as a leader in open interest and options trading after Deribit's record 2024 trading volume and founder exit.
Coinbase completed its $2.9 billion cash and stock acquisition of crypto derivatives exchange Deribit, emerging as a global leader in open interest and options trading. Deribit reported a 95% year-over-year increase in 2024 trading volume, reaching $1.185 trillion, and its founders have exited the company.