Exclusive | Coinbase Strikes $2.9 Billion Deal for Major Crypto Options Platform - WSJ

1. Coinbase acquires Deribit for $2.9 billion, expanding into crypto derivatives. 2. Acquisition aims to enhance Coinbase's global growth amid friendly regulatory environment. 3. Deribit trading volumes doubled in 2024 due to institutional investor interest. 4. This deal positions Coinbase as a leader in the profitable derivatives market. 5. Coinbase reported increased revenue earlier this year, boosting investor confidence.