Tech
Coinbase to Acquire Deribit for $2.9 Billion in Strategic Expansion into Crypto Derivatives
Coinbase (NASDAQ: COIN), the largest publicly traded cryptocurrency exchange, announced on Thursday that it will acquire derivatives exchange Deribit in a $2.9 billion cash-and-stock deal. This strategic move aims to bolster Coinbase’s presence in the growing crypto options and derivatives market, particularly among institutional investors The deal includes $700 million in cash and 11 million