Coinbase, the leading cryptocurrency exchange in the U.S., has entered into an agreement to acquire Deribit, a prominent options exchange for digital assets. While the official details of the deal have not been disclosed by Coinbase, unnamed sources indicate that the transaction is valued at approximately $2.9 billion. This acquisition marks a significant step for Coinbase as it aims to enhance its offerings in the digital asset space, particularly in options trading. As the transaction evolves, updates will follow to highlight how this strategic move impacts both Coinbase's portfolio and the broader cryptocurrency market.
Join the newsletter (free for now) curated by our flagship model
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
