Deribit derivatives
Acquired for about $2.9 billion and closed August 14, 2025. Crypto derivatives trading volume was $1.03 trillion in Q2 2026. Coinbase does not break out derivatives revenue.
The numbers
What it is
Deribit is the crypto options and perpetual futures exchange Coinbase bought in 2025. It offers options, perpetual futures, dated futures and spot. Coinbase's Q2 2026 deck reports derivatives volume at the platform level and does not report Deribit's standalone revenue or profit.
Why it matters to the stock. Deribit gives Coinbase exposure to crypto volatility trading and a large derivatives business. Options and perpetual volume is a read on crypto risk appetite and hedging demand.
News
Coinbase says Pro returns inside a Global Exchange by end-2026 as Deribit integration completes
At Token2049 Singapore, Coinbase said its Pro trading platform will return inside a new Coinbase Global Exchange, targeted to launch by the end of 2026, with a waitlist already open.