Close the acquisition of Sentillia B.V. (Deribit)
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 8 May 2025
- Due
- 31 Dec 2025
- Delivered
- 14 Aug 2025
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by year-end.”
What we found
Evidence strength A What the grades mean
A later 10-Q states Coinbase acquired Sentillia B.V. (Deribit) on August 14, 2025, before the year-end 2025 deadline.
-
A Coinbase 10-Q filed 2026-05-07
“an increase of $68.5 million attributed to derivatives trading, due mainly to the acquisition of Deribit in August 2025” ✓ confirmed on the page
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A Coinbase 10-Q filed 2026-07-30
“On August 14, 2025, the Company acquired the outstanding equity of Sentillia B.V. (“Deribit”), a crypto derivatives exchange.” ✓ confirmed on the page
Market reaction: the shares moved -12.4% against the S&P 500 over the three sessions around the disclosure (29 Jul 2026 to 3 Aug 2026). What this measures
Checked 11 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of Sentillia B.V. (Deribit)
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to regulatory approvals; subject to other customary closing conditions; subject to customary purchase price adjustments
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2025-COIN-006735 · Corrections policy