Coinbase just made a move that hit bigger than a double espresso on a Monday morning. They wrapped up their acquisition of Deribit, the top dog in the crypto options game.
This is a deal that’s twisting the foundations of the crypto derivatives market.
Coinbase now holds the keys to a beast with about $60 billion in open contracts and over a trillion dollars washed through last year alone.
The biggest deal in crypto history?
Once, Coinbase was just your average crypto exchange. Now they’re big and strong.
They’re on a mission to become the so-called everything exchange, to offer the full buffet of trading options, spot, futures, perpetuals, and yes, options too.
This buyout, worth $2.9 billion, seals the deal on that ambition. Emilie Choi, their President and COO, didn’t just call it a big deal, she literally called it the biggest deal in crypto history.
CEO Brian Armstrong echoed the sentiment, saying the team from Deribit will be the cornerstone in building the ultimate global derivatives hub.
It's very official now.
Proud to be part of @coinbase https://t.co/CCUvGLbYLO
— Deribit (@DeribitOfficial) August 14, 2025
Shopping spree
Why should you care? Because the derivatives market is exploding hot like a double overtime in the NBA finals.
Experts highlighted that Deribit alone saw a record $185 billion in trading volume just last month, driven by institutional investors stepping into the ring. Bitcoin futures alone boast $83 billion in open interest.
But hey, this isn’t just some flashy business deal. Coinbase’s purchase completes their product suite, adding serious muscle to their platform.
They’ve also been on a bit of a shopping spree, snapping up crypto companies this year, all part of their grand plan to dominate the crypto space.
Big league
And you know what’s better? Deribit now accepts BlackRock’s USD Institutional Digital Fund as collateral.
That’s like adding a rock-solid foundation under their volatile market, making it easier for investors to stay steady and still earn yields.
Of course, the stock market moved like your office’s coffee machine, steady with a little buzz.
Coinbase’s shares didn’t spike immediately after the announcement since the market was already expecting it. Yet, they’ve climbed nicely over the year, so investors are likely happy.
It’s pretty clear that Coinbase isn’t playing small ball anymore. They’re setting up for the big leagues, assembling the ultimate crypto derivatives empire.
So, Coinbase just grabbed the hottest seat at the table. Pedal to metal, as they say.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles
With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 17, 2025 • 🕓 Last updated: August 17, 2025
✉️ Contact: [email protected]
