Coinbase Global acquired Deribit for $2.9 billion, becoming the leading global platform for crypto derivatives with significant trading volumes. The acquisition strengthens Coinbase’s institutional capabilities and product offerings, diversifying revenues beyond spot trading fees.

Deribit generated over $30 million in July transaction revenues, and the acquisition is expected to be immediately accretive to Coinbase’s adjusted EBITDA. The integration of Deribit’s high-margin derivatives products will drive stronger profitability and market share, aligning with CEO Brian Armstrong’s vision of a full-service digital asset platform.

Robinhood Markets is expanding into crypto derivatives, offering perpetual futures in Europe and micro futures for popular cryptocurrencies like Bitcoin and Solana. This move diversifies revenues and enhances competitiveness beyond traditional spot trading, attracting active traders and improving margins.

COIN’s shares have gained 27.9% year to date, outperforming the industry average. While COIN trades at a higher price-to-earnings ratio than the industry, its Value Score is F. Estimate movements for COIN’s EPS show fluctuations for the third and fourth quarter of 2025, with revenue projections indicating year-over-year increases.

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Read more at Nasdaq: Will COIN’s Deribit Buyout Unlock the Potential of Crypto Derivatives?