# Deribit The largest exchange for crypto options, which let traders bet on or hedge against future bitcoin and ether prices. [[Coinbase]] agreed to buy it in May 2025 for about $2.9 billion and completed the deal on August 14, 2025, at a final value of $4.29 billion, mostly in Coinbase stock. In October 2026 Coinbase merged it into Coinbase International Exchange, its trading platform for customers outside the United States. > [!note] Stub > This is a short entry that hasn't been fully written yet. ## See Also - [[Coinbase]] · [[Coinbase Financials]] · [[Cryptocurrency Sector]]