Coinbase Buys Deribit — The Big Options Bet
Everyone watches spot markets. But Coinbase just made a $2.9B move into crypto options — acquiring Deribit, the biggest non-US options exchange.
Why does this matter? Because derivatives drive liquidity. Coinbase isn’t just expanding — it’s positioning to dominate institutional flow. This deal dwarfs most CEX M&A plays and may signal a new wave of options-driven market structure.
More liquidity. More products. And likely… more volatility.
Crypto’s not just retail anymore. It’s structured, leveraged, and now consolidated.
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