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Coinbase Agrees to Acquire Deribit, Eyeing Potential Growth Towards a Trillion-Dollar Market Cap

2025/05/09 10:35 (Updated 2025/05/14 11:01)
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Written by K.Kobayashi
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Coinbase Agrees to Acquire Deribit, Eyeing Potential Growth Towards a Trillion-Dollar Market Cap

Towards the Growth of Cryptocurrency Derivatives Business

Major cryptocurrency exchange Coinbase announced on the 8th that it has agreed to acquire Deribit, a leading cryptocurrency derivatives exchange.

The purchase price is approximately 2.9 billion dollars (around 423 billion JPY), and after obtaining approval from regulatory authorities and other procedures, the acquisition is expected to be completed by the end of 2025. Coinbase is expressing hope that this strategic acquisition will greatly grow its derivatives business.

What are derivatives?

They are financial products derived from underlying assets like cryptocurrencies or stocks. Futures trading and options trading are typical examples of derivatives.

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.