Coinbase to Acquire Largest Bitcoin and Ether Options Platform Deribit for $2.9 Billion Including $700 Million Cash

By: defi news|2025/05/08 22:00:11
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Coinbase Global Inc. has agreed to acquire Deribit, the world's largest trading platform for bitcoin and ether options, in a deal valued at approximately $2.9 billion. The acquisition price includes $700 million in cash and 11 million Coinbase Class A shares. The agreement marks one of the largest transactions in the cryptocurrency industry and is set to be officially announced on Thursday. This move reflects a continuing wave of mergers and acquisitions in the crypto sector under the current administration. Coinbase, a leading cryptocurrency exchange based in the United States, is expanding its footprint in crypto options trading through this purchase.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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