Coinbase to buy Deribit for $2.9 billion in landmark crypto deal
Coinbase Global (COIN) has reached an agreement to acquire crypto options platform Deribit for $2.9 billion, one of the most significant deals ever for the cryptocurrency industry.
The deal marks another milestone for Coinbase, the largest cryptocurrency exchange in the US, after missing out for years on the wider transaction volumes and margins that other exchanges captured from derivatives trading.
Following the announcement, Coinbase’s stock rose 6% through Thursday afternoon. The Wall Street Journal first reported the deal.
Read more about Coinbase’s stock moves and today’s market action
“This isn’t just more products — it’s deeper liquidity, tighter spreads, and better tools for institutional and retail traders alike,”…
