Coinbase has agreed to pay $ 2.9 billion to buy Bitcoin (BTC) and Ethher (ETH) options of the Deribit platform, according to a press release, which marks its official impulse in the highly profitable cryptographic derivative market market in the United States
The exchange of encryption, together with the Kraken competitor, had been in conversations to buy Delibit for months, and Bloomberg reported that the giant of the options could be valued at $ 4 billion to $ 5 billion.
Kraken, instead, bought the US futures platform
Coinbase’s acquisition occurs after what has been occupied in cryptographic agreements, since companies are positioning in what the president of the United States, Donald Trump, has promised to become the “cryptographic capital of the world.”
The agreement with Deribit includes $ 700 million in cash and 11 million ordinary class A shares, according to companies, which makes it one of the largest offers in the industry and “[giving] The company is an immediate and dominant support point in the space of high growth derivatives before an anticipated increase in the institutional adoption of digital assets “, according to a note from the Mark Palmer reference analyst.
Founded in 2016, Deribit has quickly seized the market share for the commerce of digital asset options. The exchange processed $ 1.2 billion in volume in 2024, an increase of 95% year after year, the company had reported in January.
Update (May 8, 14:18 UTC): Add additional comments from Mark Palmer by Benchmark.
