Coinbase buys a deribit for $ 2.9 billion

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By TP

Coinbase announced last week that it had concluded an agreement on the acquisition of the Platform for Trading Options and Futures on Deribit cryptocurrencies worth $ 2.9 billion. It is the largest acquisition transaction in the history of the cryptocurrency sector. The agreement includes $ 700 million in cash and 11 million shares of Coinbase class and Coinbase, as reported. Deribit was founded in 2016 and quickly became a leader between platforms for trading in cryptocurrency options. In 2024, the volume of trades reached $ 1.2 trillion. Simon Peters, Analyst of Etoro with a focus on crypto markets