Cryptocurrency Exchange Coinbase Acquires Options Trading Platform Deribit for $2.9 Billion
Cryptocurrency exchange Coinbase has agreed to acquire Deribit, one of the largest cryptocurrency derivatives trading platforms in the world.
Coinbase Global announced that it will acquire the Deribit platform for approximately $2.9 billion.
Greg Tusar, Vice President of Institutional Products at Coinbase, stated in the announcement that the acquisition will allow Coinbase to expand into the lucrative cryptocurrency derivatives market and continue to scale the platform's global growth.
