Market Chatter: Coinbase to Acquire Deribit for $2.9 Billion; Shares Up Pre-Bell-March 2024-www.financetom.com

Market Chatter: Coinbase to Acquire Deribit for $2.9 Billion; Shares Up Pre-Bell

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Market Chatter: Coinbase to Acquire Deribit for $2.9 Billion; Shares Up Pre-Bell

May 26, 2025 4:07 AM

08:58 AM EDT, 05/08/2025 (MT Newswires) -- Coinbase Global ( COIN ) has agreed to acquire cryptocurrency trading platform Deribit for roughly $2.9 billion, The Wall Street Journal reported Thursday, citing comments from executives.

The deal consists of $700 million in cash and 11 million shares of Coinbase class A common stock, according to the report.

Coinbase did not immediately reply to a request for comment from MT Newswires.

Shares were 5% higher in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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