Deribit’s founders will exit after the deal, set to close by 2025, pending regulatory approval.
The acquisition includes $700 million in cash and 11 million Coinbase shares.
Coinbase Global has agreed to buy Deribit, a major
cryptocurrency derivatives exchange. The deal is valued at approximately $2.9
billion. Coinbase announced the acquisition on May 8, as Cointelegraph reported.
Greg Tusar, Vice President of Institutional Product at Coinbase, Source: LinkedIn
Greg Tusar, Vice President of Institutional Product at
Coinbase, said the move is part of the exchange’s international growth plan.
“With Deribit’s strong presence and professional client base, Coinbase is
making its most substantial move yet to accelerate our international growth
strategy,” he said.
The deal includes $700 million in cash and 11 million shares
of Coinbase Class A common stock. The final amount is subject to standard
purchase price adjustments. The acquisition is expected to close later this
year, pending regulatory approval.
Deribit was founded in 2014 by John and Marius Jansen. The
company confirmed that both founders will leave the firm after the deal is
completed in 2025.
Deribit said its operations will continue as normal until
the transaction closes. “Same platform, same team, same commitment to
excellence,” it stated in a release.
Luuk Strijers, CEO of Deribit, said the deal would provide
more trading opportunities. “This acquisition will accelerate the foundation we
laid while providing traders with even more opportunities across spot, futures,
perpetuals, and options,” he said.
Coinbase plans to integrate Deribit’s technology with its
existing services. The company said this will improve onboarding, fiat
payments, and capital efficiency across trading functions.
Reports from March had suggested that Coinbase and Deribit
informed regulators in Dubai about the possible acquisition. Deribit holds a
license in Dubai, which may need to be transferred to Coinbase if the deal is
approved. Earlier estimates placed Deribit’s valuation between $4 billion and
$5 billion.
Coinbase Global has agreed to buy Deribit, a major
cryptocurrency derivatives exchange. The deal is valued at approximately $2.9
billion. Coinbase announced the acquisition on May 8, as Cointelegraph reported.
Greg Tusar, Vice President of Institutional Product at Coinbase, Source: LinkedIn
Greg Tusar, Vice President of Institutional Product at
Coinbase, said the move is part of the exchange’s international growth plan.
“With Deribit’s strong presence and professional client base, Coinbase is
making its most substantial move yet to accelerate our international growth
strategy,” he said.
The deal includes $700 million in cash and 11 million shares
of Coinbase Class A common stock. The final amount is subject to standard
purchase price adjustments. The acquisition is expected to close later this
year, pending regulatory approval.
Deribit was founded in 2014 by John and Marius Jansen. The
company confirmed that both founders will leave the firm after the deal is
completed in 2025.
Deribit said its operations will continue as normal until
the transaction closes. “Same platform, same team, same commitment to
excellence,” it stated in a release.
Luuk Strijers, CEO of Deribit, said the deal would provide
more trading opportunities. “This acquisition will accelerate the foundation we
laid while providing traders with even more opportunities across spot, futures,
perpetuals, and options,” he said.
Coinbase plans to integrate Deribit’s technology with its
existing services. The company said this will improve onboarding, fiat
payments, and capital efficiency across trading functions.
Reports from March had suggested that Coinbase and Deribit
informed regulators in Dubai about the possible acquisition. Deribit holds a
license in Dubai, which may need to be transferred to Coinbase if the deal is
approved. Earlier estimates placed Deribit’s valuation between $4 billion and
$5 billion.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
