Crypto exchange giant Coinbase has successfully completed its acquisition of Deribit, the leading crypto options trading platform by volume, significantly enhancing its portfolio of digital asset businesses. This strategic move is part of Coinbase’s ongoing international expansion strategy, aiming to solidify its position in the global crypto market.
In 2024, Deribit reported trading volumes exceeding a staggering $1 trillion, underpinned by a “loyal base” of institutional and sophisticated traders, as highlighted by Coinbase on Thursday. The acquisition, valued at $2.9 billion, was initially agreed upon in May, marking a significant milestone in Coinbase’s growth trajectory.
Coinbase’s expansion efforts are evident as it seeks to cater to diverse segments within the crypto ecosystem. The company now offers a comprehensive range of services, including a perpetual futures platform, prime brokerage, spot retail trading platform, institutional lending services, and asset custody solutions. This diversification aligns with its ambition to evolve into a one-stop shop for crypto-related services.
Coinbase’s stock experienced a slight dip of approximately 2.5% during intraday trading following the official closing of the Deribit deal. Source: Yahoo Finance
Coinbase Acquires Five Businesses in 2025
In a bid to expand and diversify its service offerings, Coinbase has successfully acquired five companies and projects in 2025, including Deribit. This reflects the company’s strategic intent to enhance its capabilities and market reach.
In January, Coinbase announced the acquisition of Spindle, a blockchain-based advertising platform designed to boost online visibility for content creators. The same month saw the acquisition of the team behind Roam, a blockchain-based online browser, further enhancing Coinbase’s technological expertise.
In July, Coinbase acquired the Liquifi platform, a company specializing in managing early-stage token startups, thereby reinforcing its position in the burgeoning crypto startup ecosystem.
Other Crypto Exchanges and Brokerages Expanding into Adjacent Businesses
Leading crypto exchanges are actively branching out into adjacent businesses, offering a broader range of digital asset services to cater to various target markets within the crypto industry.
Kraken, for instance, launched tokenized stock trading for non-US residents in May, marking its entry into the tokenized securities market. Additionally, Kraken provides crypto futures trading, asset custody, staking, and over-the-counter services tailored for institutional clients.
Robinhood’s stock has been in an uptrend since April. Source: Yahoo Finance
Brokerage platform Robinhood offers mixed-asset trading services, effectively merging traditional financial services with digital finance. In June, Robinhood unveiled a layer-2 blockchain for tokenized stock trading, targeting customers in the European region.
Meanwhile, Binance, the largest exchange by trading volume, continues to expand its suite of services, including options, futures trading, and token launch platforms. Since 2018, Binance has been consistently acquiring crypto wallet providers, blockchain development teams, other crypto exchanges, and analytics platforms, further solidifying its market dominance.
For more details on this acquisition, visit the source: Cointelegraph.
