Coinbase has closed our acquisition of Deribit, officially making Coinbase the most comprehensive global crypto derivatives platform. This follows a record month of volume and revenue for Deribit as international momentum around crypto options heats up.
We’re partnering with JPMorgan Chase to offer 3 new ways to participate in crypto: the ability to transfer Chase Ultimate Rewards to USDC, the ability to use Chase credit cards to fund your Coinbase account, and a new direct bank integration.
Coinbase is acquiring Liquifi, the leading token management platform. Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey.
In one of the largest law enforcement seizures of crypto tied to online investment scams, the U.S. Secret Service has successfully taken control of $225 million in USDT stolen through “pig butchering” scams—with Coinbase playing a key role.
TL;DR The 2025 State of Crypto Summit focused on Coinbase’s biggest bet yet: building the future of global payments. But beyond the product momentum, the event captured a broader shift: bipartisan support, real policy progress, and onchain experiences.