<ul><li>Coinbase has acquired Deribit for $2.9 billion, strengthening its position in the U.S. crypto derivatives market with $700 million in cash and 11 million Coinbase Class A shares.</li><li>Deribit, which processed $1.2 trillion in 2024, has seen significant growth and will now merge with Coinbase to dominate the global crypto derivatives market.</li><li>The acquisition reflects Coinbase's strategy to expand its product offerings, including spot, futures, perpetuals, and options, aligning with the increased institutional participation in crypto derivatives.</li><li>With a trend of crypto-related acquisitions like Kraken's purchase of NinjaTrader and Ripple's acquisition of Hidden Road, the Deribit acquisition signifies Coinbase's commitment to becoming a key player in the evolving crypto sector.</li></ul>

Coinbase Acquires Deribit for $2.9B, Dominates U.S. Options Market

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