Why deribit Is Trending Today?

Deribit, a leading crypto options exchange, has introduced USDC-settled options for Bitcoin and Ethereum, allowing users to trade these cryptocurrencies with the stability of a dollar-pegged stablecoin. The exchange has also launched linear options for BTC and ETH, providing users with more trading choices. In a significant development, Coinbase, a major cryptocurrency exchange, has acquired Deribit for $2.9 billion, expanding its global reach in the crypto derivatives market. The acquisition brings Coinbase an additional $59 billion in open interest and $1 trillion in yearly trading volume.

Coinbase, a leading cryptocurrency exchange, has finalized its acquisition of Deribit, a prominent crypto derivatives platform, in a deal valued at $2.9 billion. This strategic move positions Coinbase as a global leader in the crypto derivatives market. The acquisition, Coinbase's fifth deal of 2025, was completed following a stake boost from the world's largest pension fund.