Key points
Coinbase will buy Deribit, the main option of options on Bitcoin and Ether, for about $ 2.9 billion. The business extends the role coinbed on the Crypto derivative market, which is essential for institutional growth. Coinbase Global has reached an agreement to purchase Derit, the world's largest trading platform for Bitcoin and Ether options, in a transaction at about $ 2.9 billion, according to The Wall Street Journal. The business will be structured as a combination of $ 700 million in cash and 11 million ordinary class A actions, confirmed the executive directors. Deritized, based in Panama, the market of Crypto options dominates and is an essential place for trading institutional derivatives. Its acquisition will significantly expand the exposure coinbed to the Crypto derivative segment, which has become one of the areas with the highest volume in digital assets. The transaction comes against the background of a new wave of merger and purchases in the Crypto industry. It also coincides with pro-Crypto policy messages from US President Donald Trump, who has committed to turn the United States into a «superpower Bitcoin», signaling a more friendly regulatory perspective under his administration. If it is completed, the purchase will position itself as a major force in the Crypto derivatives, which continue to increase in importance for both institutional and sophisticated retail.