Leading cryptocurrency exchange, Coinbase, has finalized its acquisition of Deribit, the world’s premier platform for crypto options trading by volume, marking another significant addition to its expanding array of digital asset-focused enterprises.
According to a statement released by Coinbase on Thursday, Deribit experienced trading volumes exceeding $1 trillion during 2024 and enjoys a dedicated following among institutional investors and seasoned traders.
The initial agreement for Coinbase to purchase Deribit, valued at $2.9 billion, was reached in May. This acquisition forms a crucial part of Coinbase’s broader international expansion strategy.
Coinbase is strategically diversifying its operations to cater to a wide spectrum of participants within the cryptocurrency ecosystem. The exchange’s offerings include a perpetual futures trading service, a comprehensive prime brokerage, a user-friendly spot trading platform for retail clients, institutional lending solutions, and secure custodial services, all designed to solidify its position as a comprehensive hub for all things crypto.
Coinbase Expands Through Acquisition: Five Businesses Added in 2025
Throughout 2025, Coinbase has strategically acquired five companies and projects, including the notable addition of Deribit, reflecting its commitment to service expansion and diversification.
In January, the company publicly announced the acquisition of Spindle, a blockchain-powered advertising platform designed to empower content creators by enhancing their online visibility.
That same month, Coinbase also acquired the development team behind Roam, an online browser built using blockchain technology.
July saw Coinbase acquiring Liquifi, a specialized platform dedicated to assisting early-stage token startups with their token management needs.
Crypto Exchanges and Brokerages Expand into Related Digital Asset Services
Major cryptocurrency exchanges are actively pursuing expansion strategies by entering into adjacent business areas, offering a diverse array of digital asset services targeted at distinct segments within the cryptocurrency market.
Kraken recently announced the launch of tokenized stock trading for clients residing outside the United States, marking its entrance into the growing market for tokenized securities.
In addition to tokenized stocks, Kraken also provides crypto futures trading, asset custody solutions, staking services, and over-the-counter (OTC) trading options tailored for institutional clients.
The brokerage platform Robinhood offers a diverse range of mixed-asset trading services, blurring the lines between traditional financial services and the emerging digital finance landscape.
Robinhood unveiled a layer-2 blockchain platform in June, specifically designed for tokenized stock trading for customers within the European market.
Binance, recognized as the world’s largest cryptocurrency exchange by trading volume, also provides a comprehensive suite of services for both retail and institutional investors. These offerings encompass options and futures trading, as well as platforms for launching new tokens.
Since 2018, Binance has been actively acquiring a range of businesses, including crypto wallet providers, blockchain development teams, other cryptocurrency exchanges, and analytics platforms, further solidifying its position in the digital asset space.
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