Coinbase Surges to 32nd in Trading Volume Ranking with $1.798 Billion in Activity

On March 24, 2025, Coinbase Global (COIN) saw a significant surge in trading volume, reaching $1.798 billion, marking a 30.14% increase from the previous day. This substantial rise in trading activity positioned Coinbase as the 32nd most active stock in the market, reflecting a 6.94% increase in its stock price.

Coinbase is reportedly in advanced discussions to acquire Deribit, the world's largest platform for Bitcoin and Ether options trading. This potential acquisition underscores Coinbase's strategic push to expand its institutional offerings and compete more effectively in the rapidly growing derivatives market. Deribit's specialization in options, which allow traders to manage the volatility inherent in cryptocurrencies, makes it a valuable asset for Coinbase. The acquisition would enable Coinbase to fast-track its ability to compete with global derivatives giants like Binance and Bybit, further solidifying its position in the digital asset space.

Deribit's total trading volume nearly doubled last year, reaching approximately $1.2 trillion, highlighting the strong demand for its products. Coinbase, which has been expanding its derivatives division through Coinbase International Exchange, currently offers derivatives trading outside the U.S. through a Bermuda-based venue launched in 2023. The acquisition of Deribit would significantly enhance Coinbase's capabilities in the derivatives market, providing it with an established and regulated platform to capitalize on the increasing demand for crypto derivatives among both retail and institutional investors.