Coinbase to Acquire Largest Bitcoin and Ether Options Platform Deribit for $2.9 Billion Including $700 Million Cash

Coinbase Global Inc. has agreed to acquire Deribit, the world’s largest trading platform for bitcoin and ether options, in a deal valued at approximately $2.9 billion. The acquisition price includes $700 million in cash and 11 million Coinbase Class A shares. The agreement marks one of the largest transactions in the cryptocurrency industry and is set to be officially announced on Thursday. This move reflects a continuing wave of mergers and acquisitions in the crypto sector under the current administration. Coinbase, a leading cryptocurrency exchange based in the United States, is expanding its footprint in crypto options trading through this purchase. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant