<ul><li>Coinbase is set to acquire Deribit, a leading crypto options exchange, for $2.9 billion in cash and stock.</li><li>Deribit's $30 billion open interest positions Coinbase to dominate the crypto derivatives market.</li><li>The acquisition will expand Coinbase's global reach, particularly in areas like Dubai, Asia, and the Middle East.</li><li>The deal is expected to strengthen Coinbase's revenues, enhance its trading product lineup, and solidify its position in the crypto derivatives sector.</li></ul>

Coinbase to Acquire Deribit in $2.9 Billion Deal to Expand Crypto Derivatives Business

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