WSJ: Coinbase plans to acquire crypto options platform Deribit for $2.9 billion
According to The Wall Street Journal, @coinbase executives stated they will acquire the crypto options platform @DeribitOfficial in a cash and stock deal valued at approximately $2.9 billion, aiming to drive global expansion and strengthen its position in the crypto derivatives market.
Deribit is currently the world's largest Bitcoin and Ethereum options platform, with a trading volume of $1.2 trillion in 2024.
The transaction still requires regulatory approval, and Coinbase will also take over Deribit's operating license in Dubai.
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