Coinbase Acquires Deribit for $2.9 Billion, Expanding Crypto Platform Reach

Coinbase has announced a significant acquisition of Deribit, the leading platform for Bitcoin and Ether options trading, for a hefty $2.9 billion deal. The agreement includes $700 million in cash and 11 million shares of Coinbase stock. This strategic move will see Coinbase combine spot, futures, and options trading under one roof, strengthening its position as a global leader in the crypto space.