Brian Armstrong, Coinbase CEO, said the Deribit team’s talent will help build out a global derivatives offering.
This acquisition brings us closer to offering the full spectrum of trading products.
Spot, futures, perpetuals, and options, all in one seamless platform.
The deal also fits with Coinbase’s product push. According to company statements, Coinbase recently rolled out DEX trading for US users and plans to add support for Solana tokens, while also aiming to offer tokenized stocks and prediction markets in the US.
Traders noticed the move, but investors were mixed: COIN stock traded around $320 on the day of the announcement, down over 2% from the prior session and off from an all-time high of $436 in July.
Reports have disclosed that the $2.9 billion price tag reflects the combined stock and cash mix — 11 million Class A shares plus $700 million cash — and it places a hefty bet on Deribit’s current flow and engineering.
That bet comes with clear work to do: integrating order books, risk systems, custody, and compliance into a public company’s controls is complex.
There’s also a regulatory angle to watch given derivatives rules differ by country and regulators have shown interest in crypto trading venues.
For users and institutions, the acquisition could mean deeper liquidity and more product choice on a platform many already trust for custody.
For traders who rely on options and complex hedges, having those tools inside Coinbase could cut friction. But the timeline matters, and the exact rollout plan will decide how much value materializes and how fast.
Featured image from Shutterstock, chart from TradingView
