Latham & Watkins Represents Coinbase in Acquisition of Deribit
Coinbase has announced a milestone transaction, entering into an agreement to acquire Deribit, the world’s leading crypto options exchange with approximately US$30 billion of current open interest. This strategic acquisition significantly advances Coinbase’s derivatives business, establishing it as the premier global platform for crypto derivatives.
Latham & Watkins LLP advised Coinbase in the transaction with a corporate team led by Bay Area partners Saad Khanani and Tad J. Freese, with associates Jennifer N. Cadet, Tiana Baghdikian, Hugo Cliff, and Alec Hampton. Advice was also provided on employment and benefits matters by Century City partner Julie Crisp, London partner Sarah Gadd, and Paris partner Matthias Rubner, with associates Aaron Tso and Harriet Gray; on intellectual property matters by Los Angeles partner Ghaith Mahmood, with associates Nathan Wages, Nick Goshgarian, Azzam Chaudhry, and Enrique Covarrubias; on public company representation matters by Orange County partner Drew Capurro, with associate Jacob Walsh; on data privacy matters by Houston partner Robert Brown and London partner Christian McDermott, with associates Alice Brunning and Zac Alpert; on financial regulatory matters by London partners Stuart Davis and Gabriel Lakeman, New York partner Jenny Cieplak, and Bay Area partner Zachary Fallon, with associates Matthew Rodwell, Jasmine Hopkinson, and Imaan Nazir; on competition matters by Brussels partner David Little and Brussels counsel Philipp Studt, with associates Daniel Baker, James Mathieson, and Sarah Miller; on sanctions matters by London partner Robert Price, Frankfurt counsel Joachim Grittmann, and Washington, D.C. counsel Ruchi G. Gill, with associates Thomas F. Lane and Amulya Vadapalli; on anti-bribery and corruption matters by London partner Pamela Reddy and Washington, D.C. partner Kevin Chambers, with associate Matthew Unsworth; on tax matters by Bay Area partner Kirt Switzer, with associate Jake Meninga; and on UAE matters by Riyadh partner Brian Meenagh, with associates Ksenia Koroleva and Farah El-Masri.