Originally published on the Coinbase blog.
TL;DR Coinbase has closed our acquisition of Deribit, officially making Coinbase the most comprehensive global crypto derivatives platform. This acquisition comes on the heels of a record month of volume and revenue for Deribit – with July ’25 volumes exceeding $185B and roughly $59B of current platform open interest – as international momentum around crypto options heats up.
It’s official: Deribit is now part of Coinbase.
We’re thrilled to welcome the world’s leading crypto options exchange to Coinbase. This milestone marks a major step forward in our mission to build the most comprehensive, trusted platform for global crypto derivatives trading.
Deribit is the #1 crypto options exchange by volume and open interest, with roughly $59 billion of current platform open interest, over $1 trillion traded last year, and a loyal base of institutional and advanced traders. Their platform is fast, capital-efficient, and battle-tested – the perfect complement to Coinbase’s growing futures and perpetuals business.
This acquisition brings us closer to offering the full spectrum of trading products – spot, futures, perpetuals, and options – all in one seamless platform. In addition to product breadth, it enables us to scale globally with broader participation and deeper liquidity. And it comes at the perfect time. In July, Deribit saw over $185 billion in trading volume, Deribit’s best month ever, amid a surge in institutional flows. As the crypto options market is heating up, we’re positioned to lead the next wave of innovation.
Together, we’re building the future of crypto derivatives markets: faster, more sophisticated, and more accessible than ever before.
Welcome aboard, Deribit. Let’s get to work.
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