Coinbase Closes $2.9B Deribit Deal
Hey FinTech Fanatic!
Coinbase has acquired crypto derivatives platform Deribit for $2.9 billion, becoming the world’s largest crypto derivatives exchange. The deal, advised by FT Partners, combines Coinbase’s U.S. reach with Deribit’s offshore dominance, bringing $59B in open interest and $1T+ in annual trading volume