Coinbase finalizes $2.9B acquisition of Deribit's options trading business

Description

Coinbase closed on the $2.9 billion acquisition deal of Deribit, an exchange platform known for crypto options trading. The collaboration marks the sixth deal for Coinbase this year and combines $700 million in cash with 11 million Class A shares of the exchange platform. The collaboration combines Deribit’s derivative infrastructure with Coinbase’s growing suite of digital assets. The acquisition is an attempt by the Coinbase exchange to enter the crypto derivatives conversation. Coinbase moves...