Coinbase Acquires Deribit for $2.9B, Expanding its Derivatives Dominance

Coinbase has officially acquired Deribit for a staggering $2.9 billion, marking a significant step towards becoming the global leader in crypto derivatives trading. The deal positions Coinbase to take on a leading role in futures and options markets, influencing the landscape of major assets like Bitcoin (BTC) and Ethereum (ETH). This strategic acquisition will see Coinbase leverage Deribit’s existing infrastructure and resources to create a more comprehensive trading platform that caters to institutional investors and traders globally.