Coinbase Acquires Deribit in $2.9 Billion Deal: Expanding Derivatives Market Reach

Coinbase has made a significant move by acquiring Deribit, a leading crypto options exchange, for a staggering $2.9 billion. This strategic deal marks a major expansion into the derivatives market, further solidifying Coinbase’s position in the industry. The acquisition is driven by a desire to enhance international market presence and capitalize on the growing demand for crypto derivatives.