Coinbase Acquires Deribit in Largest Crypto Deal, Launches First U.S.-Regulated 24/7 Bitcoin and Ethereum Futures Trading

Coinbase, a leading cryptocurrency exchange, has announced the acquisition of Deribit, a prominent options trading platform, in what is described as the largest transaction in the history of the crypto industry. The deal, expected to close later this year, was revealed by Coinbase’s Vice President Greg Tusar at the SALT conference. In a separate development, Coinbase has launched a 24/7 futures trading service for Bitcoin and Ethereum, becoming the first U.S.-regulated platform to offer round-the-clock leveraged futures trading. This service, operated by Coinbase Derivatives, is available to both retail and institutional users and is supported by Nodal Clear, Virtu Financial, and ABN AMRO. The introduction of perpetual contracts is anticipated in the near future. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant