Share this article

Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say

The acquisition makes Coinbase the largest crypto derivatives platform and a credible rival to Binance.

Updated May 9, 2025, 1:34 p.m. Published May 8, 2025, 8:13 p.m.
Coinbase CEO Brian Armstrong sits for a portrait in their San Francisco headquarters. (Christie Hemm Klok/Getty Images)
Coinbase CEO Brian Armstrong sits for a portrait in their San Francisco headquarters. (Christie Hemm Klok/Getty Images)