Coinbase以29亿美元的价格收购了Deribit，并扩展到全球加密衍生品市场

Coinbase：一项战略性收购29亿美元。该操作重新绘制了全球加密衍生物市场的轮廓。它将Coinbase定位为由机构胃口驱动的战略性，迅速加速的部分中的中心参与者。

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令人震惊。美国平台刚刚宣布以29亿美元的价格收购这家巨型deribit。这项操作重新绘制了全球加密衍生物市场的轮廓，并将Coinbase定位为由机构食欲驱动的战略性，迅速加速的部分中的核心参与者。

Coinbase: a strategic acquisition of $2.9 billion

Coinbase：29亿美元的战略收购

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正在证实其对扩张的需求。通过接管加利福尼亚州的全球领先运营商Deribit，这家总部位于加利福尼亚的公司旨在成为数字衍生品的全球参考。以现金和股票结构的收购为29亿美元，其中包括7亿美元现金和1100万级A级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.

根据Coinbase关于获得Deribit的官方宣布，此操作是更广泛的多元化和升级战略的一部分。 Deribit总部位于巴拿马，已成为比特币和以太坊选项中的关键加密平台，在2024年的交易量超过1,2000亿美元。

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

这一成功归因于两个主要因素：Deribit技术的效率及其在机构领域的优势。

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报道的有关Coinbase-Deribit交易的报道，此次收购将使Coinbase能够在其产品中填补战略差距，并直接与Binance或Kraken等其他重量级人物竞争。

The geopolitical and regulatory context as a catalyst

作为催化剂的地缘政治和监管背景

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.

政治环境起着决定性的作用。在美国，对加密友好型政府的返回为大规模运营带来了良好的氛围。在这种情况下，Coinbase预计将复兴美国市场，并押注更稳定的法规以支持其增长。

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.

然后，衍生产品的兴起代表了一个主要波浪。尽管它们的整合增强了加密市场的流动性和复杂性，但它也带来了挑战。法规问题仍然至关重要，特别是对于杠杆工具。

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.

通过获取deribit，Coinbase面对的审查增加了审查，但在构建生态系统方面也获得了启动。该决定可以永久塑造与数字资产相关的金融产品的演变。

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.

在启动CBBTC并获取Deribit之后，Coinbase不再只是交换。该公司现在将自己定位为Crypto Finance的系统性参与者。整合其生态系统中的衍生品产品与机构投资者的期望保持一致，并为平台打开了一个新的增长周期。通过我们的“阅读赚取”计划，最大程度地利用您的共同体验！对于您阅读的每篇文章，请赚取积分并获得独家奖励。立即注册并开始赚取福利。

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.

世界正在发展，适应是在这个起伏的宇宙中生存的最佳武器。我最初是加密社区经理，我对与区块链及其衍生物直接或间接相关的任何事物感兴趣。为了分享我的经验并促进我热衷的领域，没有什么比撰写内容丰富且放松的文章更好。