Coinbase to acquire Deribit in $2.9B deal

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Coinbase has agreed to snap up Deribit in a $2.9 billion deal, executives from both companies told The Wall Street Journal. The deal is the single largest acquisition in crypto’s history, easily beating Kraken’s $1.5 billion deal for NinjaTrader earlier this year. Stripe said it planned to acquire Bridge in a $1.1 billion deal, and Ripple announced it would acquire Hidden Road for $1.25 billion. The makeup of the deal is $700 million in cash and 11 million shares of its Class A common stock. In ...