Coinbase Acquires Deribit in $2.9B Crypto Power Move

Coinbase, one of the leading cryptocurrency exchanges in the world, has made a significant strategic move by acquiring Deribit, a prominent derivatives exchange, in a deal worth $2.9 billion. This acquisition highlights Coinbase's commitment to expanding its influence and capabilities within the rapidly evolving cryptocurrency market, as well as its aim to enhance its offerings to traders and investors. By bringing Deribit's advanced trading infrastructure and innovative products under its umbrella, Coinbase not only strengthens its position in the competitive landscape but also positions itself to capitalize on the growing demand for cryptocurrency derivatives. source: https://voiceofcrypto.online/ampstories/web-stories/coinbase-acquires-deribit-in-29b-crypto-power-move