Coinbase has successfully acquired Deribit, the leading crypto options trading platform, for $2.9 billion as part of its strategy to broaden its digital asset offerings. In 2024, Deribit achieved trading volumes exceeding $1 trillion and boasts a dedicated clientele of institutional traders. This acquisition is part of Coinbase's ongoing efforts to diversify its services, which now include perpetual futures, prime brokerage, retail trading, institutional lending, and asset custody. In 2025 alone, Coinbase has acquired five companies, including Spindle, a blockchain advertising platform, and Roam, a blockchain-based browser. Other major exchanges are also expanding their services; for instance, Kraken introduced tokenized stock trading for non-US residents, while Robinhood launched a layer-2 blockchain for tokenized stocks in Europe. Binance continues to enhance its offerings by acquiring various crypto-related companies. These developments highlight the growing trend of crypto exchanges diversifying into adjacent markets to cater to a wider range of clients. Read more AI-generated news on: https://app.chaingpt.org/news