Coinbase Drops $3 Billion To Snag Deribit In Major Crypto Shake-Up

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Coinbase has closed its purchase of Deribit in a deal reported at $2.9 billion, a move that brings one of the biggest crypto options venues into the fold of a public exchange. According to Coinbase, the deal was paid with 11 million shares of Class A stock and $700 million in cash. The buy completes terms both firms announced in May and comes as Coinbase pushes its plan to be the “Everything Exchange.” Deribit Brings Deep Derivatives Volume Based on reports, Deribit had a record month in July wi...