Coinbase is set to acquire the options trading platform Deribit for $2.9 billion (including $700 million in cash and 11 million shares), marking the largest acquisition in crypto industry history.
Ripple has acquired numerous companies over the past year and is now eyeing a takeover of Circle, the issuer of USDC.
Tether is also actively pursuing business acquisitions.
We are witnessing the rise of crypto giants—companies that are growing rapidly and will soon rival the world’s largest financial institutions in terms of scale and influence.