Coinbase Acquires Deribit in $2.9B Crypto Derivatives Deal

Coinbase Acquires Deribit in $2.9B Crypto Derivatives Deal

Coinbase Global Inc., the largest U.S.-based cryptocurrency exchange by trading volume, has announced its intention to acquire Deribit, a leading crypto derivatives platform, in a transaction valued at approximately $2.9 billion. The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments. Founded in 2016 and headquartered in Dubai, Deribit has established itse...

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