Coinbase以29亿美元的地标收购了deribit

Coinbase已宣布其目的是获得Crypto期权交易领先的全球领先平台之一，这是具有里程碑意义的29亿美元交易。

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.

根据彭博社星期一的报告，Coinbase正在收购Deribit，这是世界上最大的加密货币选择平台之一，价值29亿美元的交易。

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

此次收购将以现金和共同基础股票的结合来支付。报告：

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正在收购Deribit，这是全球最大的加密货币选择平台之一，价值29亿美元。价格标签包括7亿美元现金和大约1100万股Coinbase Coin股票，周一收盘价为48.64美元。该交易仍在等待监管机构批准中，需要清除各个司法管辖区的法律和合规性检查。

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.

根据该公司最近的收益报告，这一收购是在Coinbase的交易收入下降19％，该公司的最新收益报告专门从事现货交易。交易所透露，其交易收入降至13亿美元。但是，涵盖Staking，Castody和其他产品的订阅和服务部门攀升了9％至6.98亿美元，突出了其商业模式的转变。

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成立于2016年，现在位于迪拜，已成为加密货币期权交易的无可争议的领导者。仅在2024年，该平台就处理了超过1.2万亿美元的交易量，巩固了其作为比特币和以太坊期权的首选场所的地位。

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.

与仅涉及买卖资产的现货交易不同，诸如期权和期货等衍生品可以使交易者对冲头寸，推测市场移动并以更高的精度管理风险。这些工具对于机构投资者和经验丰富的贸易商至关重要，使Deribit的基础设施成为Coinbase向交易界高层推动的关键资产。

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.

简而言之，Coinbase不仅仅是购买平台；它正在收购一个具有深厚流动性，经验丰富的技术和忠实的机构用户群的强国。

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.

此次收购还反映了加密货币领域中对先进交易工具的快速需求，尤其是当机构和专业贸易商寻求远远超出传统现货市场的工具时。

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.

这一举动是Coinbase的战略枢纽，历史上一直集中在美国的运营和现货交易上。但是，随着Binance和OKX等竞争对手已经根深蒂固，Coinbase必须大胆地采取行动，以在这个快速发展的舞台上保持相关性。

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还在兼顾新的监管要求，因为它扩展到中东市场。 Deribit当前是根据迪拜虚拟资产监管机构（VARA）进行监管的，该机构添加了Coinbase现在必须导航的新一层监督层。

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.

如果该交易获得批准并且集成顺利进行，那么Coinbase将不仅成为全球领导者，不仅在现货交易中，而且在加密衍生品的越来越有利可图的世界中。最终，这笔交易是关于建立可以承受市场周期的多元化交流的未来。