Coinbase Strikes $2.9 Billion Deal for Major Crypto Options Platform
1. Coinbase agrees to acquire Deribit for $2.9 billion, expanding into derivatives. 2. The deal aims for global growth amid a friendlier regulatory environment. 3. Deribit doubled trading volumes in 2024, attracting institutional investors post-election. 4. This marks a significant move in the surging crypto dealmaking landscape. 5. Coinbase reported increased revenues due to hiking trading activities in recent quarters.