Coinbase Acquires Deribit: A Boost for Institutional Crypto Trading

Coinbase has made a significant move in the crypto industry by acquiring Deribit, the world’s largest cryptocurrency options trading platform. This $2.9 billion deal will expand Coinbase’s reach and cater to a wider range of clients, particularly institutional traders. 2024 saw Deribit’s trading volume exceed $1 trillion, solidifying its position as a leader in the field. This strategic acquisition aligns with Coinbase’s goal of becoming a comprehensive platform for digital asset management.