Coinbase (COIN) Completes Acquisition of Deribit

Coinbase Global, Inc. (NASDAQ:COIN) is one of the 11 Best Under-the-Radar Stocks to Buy Right Now. On August 14, Coinbase Global, Inc. (NASDAQ:COIN) announced that it has closed its acquisition of Deribit, which makes Coinbase the most comprehensive global crypto derivatives platform.

According to the report by Coinbase Global, Inc. (NASDAQ:COIN), Deribit had a record month of volume and revenue in July 2025. Trading volumes surpassed $185 billion, supported by global momentum around crypto options.

Deribit is the leading crypto options exchange by volume and open interest. It has around $60 billion of current platform open interest, and last year, more than $1 trillion was traded on the platform. Deribit has a loyal base of institutional and advanced traders.

With this acquisition, Coinbase Global, Inc. (NASDAQ:COIN) is now closer to providing all types of trading products on one platform, including spot, futures, perpetuals, and options. The company is strongly positioned to lead new innovations as the market for crypto options heats up.

Coinbase Global, Inc. (NASDAQ:COIN) Coinbase expects that Deribit will be Adjusted EBITDA accretive immediately.

Coinbase Global, Inc. (NASDAQ:COIN) is an American company that operates a platform for people and institutions to engage with crypto. It allows users to buy, sell, transfer, trade, stake, and store cryptocurrency assets.

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Disclosure: None. This article is originally published at Insider Monkey.