by: xpoolPosted on:

Coinbase Acquires Deribit Exchange in $2.9 Billion Deal

Coinbase Global Inc. has announced its largest acquisition to date, purchasing the cryptocurrency futures and options exchange Deribit for a staggering $2.9 billion. The deal involves $700 million in cash and 11 million Coinbase Class A common stock shares. This move marks a significant step as it catapults Coinbase into the lucrative crypto derivatives market.

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