# Coinbase is Buying Deribit for $2.9B in Record Deal

*Author: Bankless*
*Published: May 8, 2025*
*Source: https://www.bankless.com/de/read/coinbase-is-buying-derebit-for-2-9b-in-record-deal*

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Coinbase acquires crypto derivatives platform Deribit for $2.9 billion in the largest crypto deal to date, consolidating its derivatives business.  

## **What’s the Scoop?**
- **Record-Breaking Acquisition**: Coinbase will acquire Deribit for $2.9 billion, marking the largest merger in crypto history.
- **Strategic Expansion**: The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
- **Derivatives Focus**: This acquisition strengthens Coinbase's derivatives business, integrating futures, options, and perpetuals into its platform.
- **Global Leader Position**: The acquisition positions Coinbase as the top crypto derivatives platform by open interest and trading volume.
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