Coinbase to Acquire Deribit, World's Largest Bitcoin and Ether Options Platform, for $2.9 Billion
By: defi news|2025/05/08 14:30:02
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Coinbase, the largest publicly traded cryptocurrency exchange, has agreed to acquire Deribit, the world's biggest trading platform for bitcoin and ether options, for $2.9 billion. The deal, part of a continuing wave of crypto mergers and acquisitions, consists of $700 million in cash and 11 million shares of Coinbase Class A common stock.The acquisition, described as the largest in the history of the cryptocurrency industry, is set to be announced on Thursday. Coinbase executives have stated that the deal, involving the options house Deribit, is expected to close later this year.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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