TLDR:

Coinbase now controls Deribit’s $59B open interest, strengthening its position in global crypto derivatives.
Deribit recorded $1T in trades last year, with July 2025 setting a record $185B monthly trading volume.
Acquisition gives Coinbase full coverage across spot, futures, perpetual contracts, and crypto options markets.
Institutional interest in regulated, full-stack crypto trading venues is growing alongside derivatives demand.

Coinbase has moved to tighten its grip on the crypto derivatives market with the takeover of Deribit. The deal brings the world’s largest crypto options exchange under its roof, along with $59 billion in open interest and record-breaking monthly volumes. 

For Coinbase, it’s a decisive step toward offering every major trading product in one place. For the market, it marks a shift toward bigger, more integrated platforms as competition for institutional capital heats up.

Coinbase Expands Into Crypto Options With Deribit Acquisition

According to Wu Blockchain, Coinbase confirmed the completion of its Deribit acquisition this week. The Panama-based platform brings around $59 billion in open interest and more than $1 trillion traded in the last year. July alone saw a record $185 billion in volume, making the timing of the deal strategic.

Deribit’s dominance in options markets is well-established. It attracts institutional and advanced traders for its speed and capital efficiency. Coinbase gains direct entry into this space, building on its existing futures and perpetual contracts offerings.

The acquisition positions Coinbase to offer spot, futures, perpetual, and options trading under one platform. This unified access could appeal to traders seeking regulated, global market coverage. As social media analyst Alva noted, deeper institutional flows may follow as full-stack access becomes a key market driver.

Coinbase announced that it has completed the acquisition of crypto options trading platform Deribit. Deribit currently has approximately $59 billion in open interest, recorded over $1 trillion in trading volume last year, and achieved a record-high monthly trading volume of $185…

— Wu Blockchain (@WuBlockchain) August 14, 2025

With derivatives volume rising, especially in the options segment, Coinbase is targeting a larger share of the professional trading market. The move also aligns with the growing demand for regulated venues in an increasingly competitive environment.

Institutional Demand Meets Full-Stack Crypto Trading

The deal comes during a surge in institutional participation in crypto derivatives. July’s trading highs at Deribit highlight the trend, with large players seeking deeper liquidity and advanced trading tools. Coinbase’s compliance-focused structure could make this offering more appealing to funds and corporate desks.

Market watchers see the acquisition as a signal of shifting priorities in crypto trading. The narrative is moving from spot dominance to comprehensive derivatives coverage. Institutions may prefer a platform that combines regulation, product breadth, and strong liquidity.

For Coinbase, the integration of Deribit’s operations could create one of the most diverse crypto trading hubs globally. The potential for cross-product strategies may attract traders who operate across multiple derivative types.

As the crypto derivatives market evolves, the combination of Deribit’s market share and Coinbase’s regulatory framework sets the stage for further competition. The shift toward consolidated, full-service trading venues appears to be accelerating.

 

The post Coinbase Takes Over Deribit’s $59B Options Empire in Market Power Grab appeared first on Blockonomi.

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Filed under: Bitcoin - @ August 14, 2025 2:22 pm