Coinbase, the largest cryptocurrency exchange in the United States, announced that it has acquired leading crypto options platform Deribit for $2.9 billion.
The deal will be paid for with $700 million in cash and 11 million Coinbase Class A shares.
“Coinbase is acquiring Deribit, a leading crypto options platform. This move will combine Deribit’s options expertise with our growing perpetual futures business to deliver a more comprehensive and efficient derivatives offering for crypto investors.”
“We are excited to join forces with Coinbase to power a new era in global crypto derivatives,” said Luuk Strijers, CEO of Deribit. “We have built a strong, profitable business as the leading crypto options platform, and this acquisition accelerates the foundation we have laid as we offer investors even more opportunities across spot, futures, perpetual, and options – all under one trusted brand. Together with Coinbase, we are poised to shape the future of the global crypto derivatives market.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/just-in-coinbase-announces-acquisition-of-cryptocurrency-exchange-deribit-here-are-the-details/