💱 Coinbase acquires Deribit for a record $2.9 billion
Coinbase has completed the largest deal in crypto history — the acquisition of the Dubai-based derivatives platform Deribit for $2.9 billion (partly in shares and cash).
Why is this necessary?
• Coinbase enters the top tier of the global derivatives arena, including options and futures.
• Deribit is a leader with a turnover of over $1 trillion per year, with a strong audit structure and institutional clients.
• This is a step towards competitors and a signal to us of the growing interest in complex products from major players.
