Coinbase Acquires Deribit for $2.9 Billion, Entering Crypto Derivatives Landscape

Coinbase has officially closed its $2.9 billion acquisition of Deribit, a leading exchange platform specializing in crypto options trading. This deal marks Coinbase’s sixth acquisition this year and strategically leverages Deribit’s robust infrastructure to expand into the increasingly popular realm of crypto derivatives. The collaboration positions Coinbase as a major player in the evolving digital assets market.