Coinbase Acquires Deribit for $2.9 Billion, Entering Derivatives Market

Coinbase has agreed to purchase Deribit, a leading provider of crypto options trading services, for $2.9 billion. This strategic move marks the company’s significant entry into the lucrative world of crypto derivatives, where institutional demand is rapidly growing. Deribit’s robust platform and global user base will bolster Coinbase’s existing offerings for institutional investors, strengthening its competitive position in a rapidly evolving financial landscape.

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