09:59 AM EDT, 08/14/2025 (MT Newswires) -- Coinbase Global ( COIN ) said Thursday that is has closed its acquisition of cryptocurrency derivatives exchange Deribit.

Coinbase said Deribit generated more than $30 million in July transaction revenue, showing "a directional sense of the run-rate revenue opportunity" of the acquisition. Coinbase Q3 results will include Deribit operations from Aug. 14 through Sept. 30, the company said.

Coinbase also said it expects Deribit to add about $10 million of additional expense to its technology and development, and general and administrative expenses in Q3.

Shares of Coinbase Global ( COIN ) were down 1.2% in recent trading.

Price: 323.55, Change: -3.46, Percent Change: -1.06