Coinbase Acquires Deribit in $2.9B Mega Deal to Dominate Crypto Derivatives

TL;DR Coinbase acquired Deribit for $2. 9 billion in the largest deal in the crypto industry to date, combining cash and company stock. The acquisition will boost its global presence and strengthen its institutional offering in a derivatives market with growing demand. Deribit dominated BTC and ETH options trading with $1. 2 trillion in volume in 2024. . . . source: https://crypto-economy.com/coinbase-acquires-deribit-in-2-9b-mega-deal-to-dominate-crypto-derivatives/