Coinbase set to acquire Dutch-born crypto derivatives exchange Deribit for €2.57B
On Thursday, Coinbase Global announced that it has signed an agreement to acquire Deribit, a crypto derivatives exchange, for approximately $2.9B (approximately €2.57B).
The transaction comprises $700M (approximately €622B) in cash and 11 million shares of Coinbase Class A common stock.
Founded by brothers John and Marius Jansen, Deribit is a cryptocurrency futures and options exchange.
Originally founded in the Netherlands, Deribit now has offices in several countries, with its headquarters located in Dubai, United Arab Emirates.
Deribit started as a fully dedicated BTC trading platform; however, since then, the range of products on offer has expanded considerably.
Coinbase x DeribitWhy this acquisition?
Deribit…
