Coinbase will acquire Crypto Exchange derivatives from USD for USD $ 2.9 billion

By Hannah Pérez

Coinbase announced the purchase of Deribit, the greatest exchange of Bitcoin derivatives, for a record sum in the history of cryptocurrencies.

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• Coinbase announces the purchase of detribit for an approximate of USD $ 2.9 million.
• It is the largest investment in the history of cryptocurrencies.
• The movement makes Coinbase “the most complete player into derivatives.”

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Coinbasethe exchange of cryptocurrencies that quotes its actions in Nasdaq, is betting great for the derivatives through a massive investment that will help you strengthen its leadership in the industry.

In a blog post, Coinbase announced an agreement to acquire Delibitthe largest derivative trade platform of Bitcoinfor a sum of USD $ 2.9 billion. The news media Reuters and Wall Street Journal They reported first on Thursday.

“Today we announce a transaction that marks a milestone: Coinbase has reached an agreement to acquire Delibit, the leading cryptocurrency options in the world with approximately 30 billion dollars of current open interest”the statement details.

In financial terms, the agreement will consist of USD $ 700 million in cash and 11 million ordinary shares class A Coinbaseas reported, which turns the figure of almost 3 billion dollars into the most grade in the history of cryptocurrencies. The transaction is subject to regulatory approval and is expected to close at the end of the year, he said Coinbase.

“We are excited to join forces with Coinbase to boost a new era in global cryptoderivates“ commented the CEO of DelibitLuuk Strijers, in the statement.

“As leading cryptocurrency options, we have built a solid and profitable business, and this acquisition will accelerate the foundations we established while offering operators even more opportunities […]. Together with Coinbase, we are prepared to shape the future of the global cryptoderivated market“He added.

Coinbase strengthens your derivative business with Delibit

The announcement confirms the previous rumors about the interest of the largest crypto exchange in the United States in Delibit.

In February, COINDESK had advanced that high profile exchanges Kraken and Coinbase They had expressed interest in buying the derivative platform. Weeks before, Bloomberg He had reported that Delibit He was reviewing the acquisition options; although at that time Strijers ruled out the idea saying that the company “It has not been on sale“

Founded in 2016, Delibit It is a platform focused on trade and futures of cryptocurrencies, as well as cash operations. For the closing of 2024, it reported a volume of operations for more than USD $ 1 billion in the year.

Coinbase strengthened its presence in the cryptoderivated market when it launched in 2023 an offer of contracts for futures contracts of Bitcoin and Ethereum For customers in the United States. This occurred shortly after the inauguration of its own international cryptoderivated exchange based in Bermuda.

The vice president of institutional products of CoinbaseGreg Tusar, he told Wall Street Journal that the purchase is part of the global growth and expansion objective of the company. “This will make us the most complete player in derivatives“he said.

The actions of Coinbase (COIN) jumped 4% in the opening of the market on Thursday after the news was known, they are negotiated at USD $ 204 at the time of writing these lines, according to data from Google Finance.

Before the agreement between Coinbase and Delibitan investment of the MXG firm in Binance For USD $ 2 billion, announced last month, marked the largest investment in the history of cryptocurrencies to date.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

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