On May 9, 2025, it became known that the largest American cryptocurrency exchange, Coinbase, acquired the options exchange Deribit for $2.9 billion, making it the largest deal in the history of the crypto industry. The deal includes $700 million in cash and 11 million Class A shares of Coinbase. This was reported by CNBC. With this acquisition, Coinbase significantly expands its presence in the cryptocurrency derivatives market, becoming a leader in open positions and options volume. Deribit, based in Dubai, processed a trading volume of $1.2 trillion in 2024, which is 95% more than the previous year. This will allow Coinbase to compete with global giants such as Binance, especially in the Asian and European markets. The deal is expected to close by the end of 2025, pending regulatory approval. Learn more by subscribing to #MiningUpdates
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