Coinbase in Advanced Talks for Multi-Billion Dollar Acquisition of Deribit
21.03.2025 21:09
U.S. spot exchange Coinbase (COIN) is reported to be in advanced acquisition talks with derivatives exchange Deribit, according to Bloomberg. The companies have informed Dubai regulators about the potential deal, which could secure Coinbase an important foothold in the lucrative crypto derivatives market. Deribit, valued between $4 billion and $5 billion, recorded a trading volume of nearly $1.2 trillion in 2024, almost double that of the previous year. This move by Coinbase follows earlier developments in the market, including a recent $1.5 billion deal by Kraken to acquire Ninja Trader, highlighting a broader industry trend towards consolidating and expanding into high-growth derivatives services. The news comes amid a regulatory environment that appears more supportive, a shift that has been partly credited to the Trump administration’s easing stance on crypto-related activities.
The news is likely to have a positive impact on COIN's price in both the short and long term. In the near term, investor sentiment may drive an immediate price surge due to the excitement over Coinbase’s potential entry into the booming derivatives market. Positive signals include the sheer scale of Deribit's trading volume and comparable industry moves, such as Kraken’s recent acquisition, which have historically led to bullish market reactions. Over the long run, the expansion into a more diversified revenue stream is expected to enhance Coinbase’s market positioning and financial robustness. Quantitative market indicators, such as rising trading volumes and the increasing involvement of institutional investors, support a significant likelihood—roughly a 70-75% probability—of sustained upward price dynamics.