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Coinbase closes acquisition of Deribit
Coinbase today announced the completion of its $2.9 billion acquisition of crypto options exchange Deribit. Coinbase commented: “This acquisition brings us closer to offering the full spectrum of trading products – spot, futures, perpetuals, and options – all in one seamless platform. In addition to product breadth, it enables us to scale globally with broader participation and deeper liquidity. And it comes at the perfect time. In July, Deribit saw over $185 billion in trading volume, Deribit’s best month ever, amid a surge in institutional flows. As the crypto options market is heating up, we’re ... (full story)
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