Coinbase is acquiring Deribit for about $2.9 billion, aiming to enhance its global crypto derivatives business and expand offerings for institutional and advanced traders, pending regulatory approval.
Coinbase Inc. has announced its acquisition of the crypto options exchange Deribit for a staggering $2.9 billion. The deal involves both $700 million in cash and 11 million shares of Coinbase Class A stock, marking a significant stride for Coinbase into the booming global crypto derivatives sector. This acquisition is anticipated to complete by year-end, contingent on regulatory approval and other standard closing requirements.
