Coinbase Acquires Deribit for $2.9 Billion, Boosting Global Market Presence

Cryptocurrency exchange Coinbase has acquired Deribit, a derivatives exchange valued at $2.9 billion. This strategic move seeks to bolster Coinbase’s foothold in the global crypto options market, particularly in Asia and Europe where leverage trading is prominent. The acquisition, which involves both cash and shares of Coinbase stock, marks a significant consolidation trend within the industry, with U.S.-based firms driving these expansions.