• Coinbase acquires Deribit for $2.9B to expand into the profitable crypto derivatives market.
• The $2.9 billion deal includes $700 million in cash and 11 million Coinbase shares.
• The acquisition strengthens Coinbase’s global presence and accelerates international growth.

Coinbase, the biggest cryptocurrency exchange in America, will acquire Deribit, a major crypto derivatives platform. The $2.9 billion deal was officially confirmed on May 8. Coinbase is on a mission to penetrate the lucrative crypto derivative market. The agreement aligns with Coinbase’s broader strategy to accelerate global growth and broaden its product offerings in the crypto derivatives space.

The $2.9 billion deal includes $700 million in cash and 11 million Coinbase Class A shares. Once regulatory approvals are obtained, this deal should be closed by the end of the year. Greg Tusar, vice president of institutional product at Coinbase, revealed that Deribit’s long-standing presence in the markets will speed up Coinbase’s international growth.

The post Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence appeared first on Coin Edition.

• Coinbase acquires Deribit for $2.9B to expand into the profitable crypto derivatives market.
• The $2.9 billion deal includes $700 million in cash and 11 million Coinbase shares.
• The acquisition strengthens Coinbase’s global presence and accelerates international growth.

Coinbase, the biggest cryptocurrency exchange in America, will acquire Deribit, a major crypto derivatives platform. The $2.9 billion deal was officially confirmed on May 8. Coinbase is on a mission to penetrate the lucrative crypto derivative market. The agreement aligns with Coinbase’s broader strategy to accelerate global growth and broaden its product offerings in the crypto derivatives space.

The $2.9 billion deal includes $700 million in cash and 11 million Coinbase Class A shares. Once regulatory approvals are obtained, this deal should be closed by the end of the year. Greg Tusar, vice president of institutional product at Coinbase, revealed that Deribit’s long-standing presence in the markets will speed up Coinbase’s international growth.

The post Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence appeared first on Coin Edition.