Coinbase Deribit Acquisition Drives Stock Trading Volume to 25th in U.S. Rankings

On August 15, 2025, Coinbase Global (COIN) traded at $325.10 in premarket hours, reflecting a 2.26% decline in regular session trading. The stock accounted for $2.51 billion in volume, ranking 25th among U.S. equities by trading activity. The move followed a strategic shift in derivatives market dominance as Coinbase finalized its acquisition of Deribit, a leading crypto options platform. The integration positions Coinbase as a comprehensive derivatives provider, combining spot, futures, perpetuals, and options across a single global platform.

Analysts highlighted macroeconomic tailwinds for altcoin markets, with Coinbase forecasting increased activity in Q3 2025 driven by anticipated Federal Reserve rate cuts and retail liquidity reallocation. Historical patterns, including declining Bitcoin dominance and rising altcoin market capitalization, align with conditions typically seen during altcoin seasons. Ethereum’s 86.86% surge over 90 days further underscores broader altcoin momentum amid shifting regulatory and monetary dynamics.

Deribit’s July performance demonstrated the acquisition’s strategic value, processing $185 billion in monthly trading volume and generating $30 million in transaction revenue. The platform’s institutional-grade infrastructure, which has facilitated $1 trillion in trades over the past year, enhances Coinbase’s liquidity and global reach. While third-quarter results will only partially capture Deribit’s contribution, the company emphasized immediate adjusted EBITDA benefits and long-term scalability as institutional demand for crypto derivatives grows.

The strategy of buying the top 500 stocks by daily trading volume and holding them for 1 day from 2022 to now delivered moderate returns. The 1-day return was 0.98% and the total return was 37.61%. While the strategy showed stability, the returns were relatively modest, indicating a conservative performance compared to potential high-risk, high-reward strategies.