🏦 Coinbase Acquires Deribit in $2.9 Billion Deal

Coinbase, a leading U.S. cryptocurrency exchange, has agreed to acquire Deribit, a Dubai-based crypto derivatives platform, for $2.9 billion in what marks the largest deal in the digital asset market's history. This strategic acquisition positions Coinbase to capitalize on the expected surge in institutional interest in cryptocurrency options, a market currently dominated by Deribit with over $1 trillion in annual trading volume.

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