Coinbase to acquire options trading platform Deribit for $2.9B

From cointelegraph.com

Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms. Coinbase Global has agreed to acquire Deribit for approximately $2.9 billion, the exchange officially announced on May 8. The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue scaling the platform’s global growth, Greg Tusar, Coinbase’s vice president of institutional product, said in the announcement. “With Deribit’s strong presence and professional client base, Coinbase is making its ... (full story)