---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-25-000086"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:49:27.182388+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coinbase to acquire crypto derivatives exchange Deribit for $700M cash + ~11M shares

## Summary
- Total consideration: $700M in cash plus ~10.998M shares of Coinbase Class A common stock.
- Deribit shareholders subject to lock-up: 2/3 of stock received, released 50% at 90 days and 50% at 180 days post-closing.
- Deal subject to regulatory approvals and other customary conditions; outside date of Nov 8, 2025 with extension possible.
- Coinbase must pay $100M termination fee if deal fails due to regulatory approval issues.

## SEC filing metadata
- accession: 0001679788-25-000086
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000086/0001679788-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000086/coin-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-25-000086
- JSON: https://secwatch.observer/filing/0001679788-25-000086.json
- Plain text: https://secwatch.observer/filing/0001679788-25-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.