Coinbase Completes Deribit Acquisition, Expands Global Crypto Derivatives Reach
Coinbase Global, Inc. (NASDAQ:COIN) is holding steady in Friday’s premarket trade after confirming the completion of its acquisition of crypto options leader Deribit.
Barclays raised its price target for the stock from $352 to $365, while keeping its Equal Weight rating intact.
The San Diego–based exchange announced Thursday that Deribit is now part of the Coinbase portfolio, cementing its position as one of the most comprehensive global crypto derivatives platforms.
