Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.
Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase data-ct-non-breakable=”null” href=”https://insights.deribit.com/exchange-updates/deribit-joins-coinbase-unlocking-the-future-of-global-crypto-derivatives/” rel=”noopener nofollow” target=”_blank” title=”null”>said on Thursday.
Coinbase data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/coinbase-acquire-deribit-2-9-billion” title=”null”>agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.
The exchange continues to branch out and serve different segments within crypto, and offers a data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/coinbase-starts-perpetual-futures-trading-retail-customers” title=”null”>perpetual…
