Coinbase to acquire crypto exchange Deribit for $2.9 billion
As bitcoin (BTC-USD) jumps above $101,000 on Thursday, cryptocurrency exchange Coinbase (COIN) announced that it will acquire trading platform Deribit in a deal valued at $2.9 billion.
Yahoo Finance crypto reporter David Hollerith discusses the news.
Coinbase is set to report first quarter earnings results after Thursday’s closing bell.
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