Coinbase以29億美元的價格收購了Deribit，並擴展到全球加密衍生品市場

Coinbase：一項戰略性收購29億美元。該操作重新繪製了全球加密衍生物市場的輪廓。它將Coinbase定位為由機構胃口驅動的戰略性，迅速加速的部分中的中心參與者。

Coinbase is striking hard. The American platform has just announced the acquisition of the giant Deribit for $2.9 billion. This operation redraws the contours of the global crypto derivatives market and positions Coinbase as a central player in a strategic, rapidly accelerating segment driven by institutional appetite.

Coinbase令人震驚。美國平台剛剛宣布以29億美元的價格收購這家巨型deribit。這項操作重新繪製了全球加密衍生物市場的輪廓，並將Coinbase定位為由機構食慾驅動的戰略性，迅速加速的部分中的核心參與者。

Coinbase: a strategic acquisition of $2.9 billion

Coinbase：29億美元的戰略收購

Coinbase is confirming its appetite for expansion. By taking over Deribit, the world’s leading operator of crypto options, the California-based company aims to become the global reference in digital derivatives. The acquisition, structured in cash and shares, amounts to $2.9 billion, including $700 million in cash and 11 million Class A Coinbase shares.

Coinbase正在證實其對擴張的需求。通過接管加利福尼亞州的全球領先運營商Deribit，這家總部位於加利福尼亞的公司旨在成為數字衍生品的全球參考。以現金和股票結構的收購為29億美元，其中包括7億美元現金和1100萬級A級Coinbase股票。

According to Coinbase’s official announcement on the acquisition of Deribit, this operation is part of a broader strategy of diversification and upgrading. Based in Panama, Deribit has emerged as a key crypto platform in Bitcoin and Ethereum options, with a transaction volume exceeding $1,200 billion in 2024.

根據Coinbase關於獲得Deribit的官方宣布，此操作是更廣泛的多元化和升級戰略的一部分。 Deribit總部位於巴拿馬，已成為比特幣和以太坊選項中的關鍵加密平台，在2024年的交易量超過1,2000億美元。

This success is attributed to two main factors: the efficiency of Deribit’s technology and the strength of its brand in the institutional segment.

這一成功歸因於兩個主要因素：Deribit技術的效率及其在機構領域的優勢。

As reported by crypto media covering the Coinbase-Deribit deal, this acquisition would enable Coinbase to fill a strategic gap in its offering and directly compete with other heavyweights like Binance or Kraken.

正如Crypto Media報導的有關Coinbase-Deribit交易的報導，此次收購將使Coinbase能夠在其產品中填補戰略差距，並直接與Binance或Kraken等其他重量級人物競爭。

The geopolitical and regulatory context as a catalyst

作為催化劑的地緣政治和監管背景

The political environment plays a decisive role. The return of a crypto-friendly administration in the United States creates a favorable atmosphere for large-scale operations. In this context, Coinbase anticipates a revival of the U.S. market and is betting on more stable regulation to support its growth.

政治環境起著決定性的作用。在美國，對加密友好型政府的返回為大規模運營帶來了良好的氛圍。在這種情況下，Coinbase預計將復興美國市場，並押注更穩定的法規以支持其增長。

The rise of derivatives products then represents a major wave. While their integration strengthens the liquidity and sophistication of the crypto market, it also presents challenges. The issue of regulation remains crucial, especially for leveraged instruments.

然後，衍生產品的興起代表了一個主要波浪。儘管它們的整合增強了加密市場的流動性和復雜性，但它也帶來了挑戰。法規問題仍然至關重要，特別是對於槓桿工具。

By acquiring Deribit, Coinbase faces increased scrutiny but also gains a head start in structuring the ecosystem. This decision could permanently shape the evolution of financial products linked to digital assets.

通過獲取deribit，Coinbase面對的審查增加了審查，但在構建生態系統方面也獲得了啟動。該決定可以永久塑造與數字資產相關的金融產品的演變。

After launching cbBTC and acquiring Deribit, Coinbase is no longer just an exchange. The company now positions itself as a systemic player in crypto finance. Consolidating the derivatives offering within its ecosystem aligns with the expectations of institutional investors and opens a new growth cycle for the platform.maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

在啟動CBBTC並獲取Deribit之後，Coinbase不再只是交換。該公司現在將自己定位為Crypto Finance的系統性參與者。整合其生態系統中的衍生品產品與機構投資者的期望保持一致，並為平台打開了一個新的增長周期。通過我們的“閱讀賺取”計劃，最大程度地利用您的共同體驗！對於您閱讀的每篇文章，請賺取積分並獲得獨家獎勵。立即註冊並開始賺取福利。

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在發展，適應是在這個起伏的宇宙中生存的最佳武器。我最初是加密社區經理，我對與區塊鍊及其衍生物直接或間接相關的任何事物感興趣。為了分享我的經驗並促進我熱衷的領域，沒有什麼比撰寫內容豐富且放鬆的文章更好。