<ul><li>Coinbase Inc. announces acquisition of Deribit, a major crypto derivatives platform, for $2.9 billion, marking the largest acquisition in the crypto industry to date.</li><li>The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, with the acquisition expected to close by the end of 2025 pending regulatory approval.</li><li>Coinbase aims to strengthen its derivatives business through the acquisition, positioning itself as a premier global platform for crypto derivatives, allowing traders to speculate on price movements, hedge risks, and utilize leverage.</li><li>Following the acquisition, Deribit is set to maintain its operations and brand, leveraging Coinbase's infrastructure and regulatory framework. Coinbase plans to integrate Deribit's technology into its existing services, expanding its product offerings in the global market.</li></ul>

Coinbase to acquire major crypto derivatives platform Deribit for $2.9B

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