Coinbase以29億美元的地標收購了deribit

Coinbase已宣布其目的是獲得Crypto期權交易領先的全球領先平台之一，這是具有里程碑意義的29億美元交易。

Coinbase is acquiring Deribit, one of the world’s largest crypto options platforms, in a deal valued at $2.9 billion, according to a Monday report by Bloomberg.

根據彭博社星期一的報告，Coinbase正在收購Deribit，這是世界上最大的加密貨幣選擇平台之一，價值29億美元的交易。

The acquisition will be paid in a combination of cash and Coinbase stock. The report:

此次收購將以現金和共同基礎股票的結合來支付。報告：

Coinbase is acquiring Deribit, one of the world’s largest crypto options platforms, in a deal valued at $2.9 billion. The price tag includes $700 million in cash and approximately 11 million shares of Coinbase COIN stock, which had a closing price of $48.64 on Monday. The transaction is still pending regulatory approval and will need to clear legal and compliance checks across jurisdictions.

Coinbase正在收購Deribit，這是全球最大的加密貨幣選擇平台之一，價值29億美元。價格標籤包括7億美元現金和大約1100萬股Coinbase Coin股票，週一收盤價為48.64美元。該交易仍在等待監管機構批准中，需要清除各個司法管轄區的法律和合規性檢查。

The acquisition comes amid a 19% drop in transaction revenue for Coinbase, which specializes in spot trading, according to the company’s most recent earnings report. The exchange disclosed that its transaction revenue fell to $1.3 billion. However, its subscription and services segment, which covers staking, custody and other offerings, climbed 9% to $698 million, highlighting a shift in its business model.

根據該公司最近的收益報告，這一收購是在Coinbase的交易收入下降19％，該公司的最新收益報告專門從事現貨交易。交易所透露，其交易收入降至13億美元。但是，涵蓋Staking，Castody和其他產品的訂閱和服務部門攀升了9％至6.98億美元，突出了其商業模式的轉變。

Founded in 2016 and now headquartered in Dubai, Deribit has become the undisputed leader in crypto options trading. In 2024 alone, the platform processed over $1.2 trillion in trading volume, cementing its status as a go-to venue for options on Bitcoin and Ethereum.

Deribit成立於2016年，現在位於迪拜，已成為加密貨幣期權交易的無可爭議的領導者。僅在2024年，該平台就處理了超過1.2萬億美元的交易量，鞏固了其作為比特幣和以太坊期權的首選場所的地位。

Unlike spot trading, which simply involves buying and selling assets, derivatives such as options and futures allow traders to hedge positions, speculate on market moves and manage risk with far greater precision. These instruments are essential for institutional investors and experienced traders, making Deribit’s infrastructure a critical asset in Coinbase’s push toward the upper echelons of the trading world.

與僅涉及買賣資產的現貨交易不同，諸如期權和期貨等衍生品可以使交易者對沖頭寸，推測市場移動並以更高的精度管理風險。這些工具對於機構投資者和經驗豐富的貿易商至關重要，使Deribit的基礎設施成為Coinbase向交易界高層推動的關鍵資產。

In short, Coinbase isn’t just buying a platform; it’s acquiring a powerhouse with deep liquidity, seasoned tech and a loyal institutional user base.

簡而言之，Coinbase不僅僅是購買平台；它正在收購一個具有深厚流動性，經驗豐富的技術和忠實的機構用戶群的強國。

The acquisition also reflects the rapidly growing demand for advanced trading instruments in the crypto space, particularly as institutional and professional traders seek tools that go well beyond traditional spot markets.

此次收購還反映了加密貨幣領域中對先進交易工具的快速需求，尤其是當機構和專業貿易商尋求遠遠超出傳統現貨市場的工具時。

This move is a strategic pivot for Coinbase, which has historically focused on U.S.-based operations and spot trading. However, with competitors like Binance and OKX already entrenched in the derivatives space, Coinbase had to make a bold move to stay relevant in this fast-evolving arena.

這一舉動是Coinbase的戰略樞紐，歷史上一直集中在美國的運營和現貨交易上。但是，隨著Binance和OKX等競爭對手已經根深蒂固，Coinbase必須大膽地採取行動，以在這個快速發展的舞台上保持相關性。

Coinbase is also juggling new regulatory requirements as it expands into the Middle East market. Deribit is currently regulated under Dubai’s Virtual Assets Regulatory Authority (VARA), which adds a new layer of oversight that Coinbase must now navigate.

Coinbase還在兼顧新的監管要求，因為它擴展到中東市場。 Deribit當前是根據迪拜虛擬資產監管機構（VARA）進行監管的，該機構添加了Coinbase現在必須導航的新一層監督層。

If the deal is approved and integration goes smoothly, Coinbase will be well-positioned to emerge as a global leader not just in spot trading but in the increasingly lucrative world of crypto derivatives. Ultimately, this deal is about the future of building a diverse exchange that can withstand market cycles.

如果該交易獲得批准並且集成順利進行，那麼Coinbase將不僅成為全球領導者，不僅在現貨交易中，而且在加密衍生品的越來越有利可圖的世界中。最終，這筆交易是關於建立可以承受市場週期的多元化交流的未來。