Coinbase Rises to 20th in Trading Volume After Deribit Acquisition as Derivatives Push Gains

On August 14, 2025, Coinbase Global (NASDAQ: COIN) recorded a trading volume of $3.03 billion, ranking 20th in the stock market. The stock closed at a 0.65% decline, reflecting mixed investor sentiment following its strategic developments.

Coinbase completed its acquisition of Deribit, a leading crypto options exchange, solidifying its position as the most comprehensive global derivatives platform. The integration follows Deribit’s record $185 billion in July trading volume and $60 billion in open interest. The move enhances Coinbase’s product suite, enabling access to spot, futures, perpetuals, and options under a unified ecosystem. The acquisition is expected to drive institutional adoption and liquidity expansion, aligning with growing demand for crypto derivatives.

Financially, the deal is projected to contribute $30 million in July transaction revenue to Coinbase’s Q3 results, with an additional $10 million in operational costs. While short-term integration challenges may arise, the platform is anticipated to become Adjusted EBITDA accretive post-closure. The acquisition underscores Coinbase’s strategic focus on capturing market share in a rapidly evolving derivatives landscape.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 delivered a compound annual growth rate of 6.98%, with a maximum drawdown of 15.46% recorded during the backtest period. Despite steady growth, the mid-2023 downturn highlights the necessity of risk management in volume-driven strategies.