Coinbase's acquisition of Deribit for $10 billion marks a strategic move to enhance its position in the crypto derivatives market. This acquisition aims to increase Coinbase's market share and aligns with a focus on decentralized exchanges (DEX) and international expansion.
CEO Brian Armstrong predicts that DEXes will surpass centralized exchanges (CEX) in trading volume, further emphasizing this shift by highlighting the company’s commitment to on-chain trading, facilitating institutional transparency and access.
The acquisition also mirrors historical trends in the industry, responding to growing demand for regulatory compliance and innovative financial products.
Full story here: https://coincu.com/337100-coinbase-deribit-acquisition-expansion
