From Cointelegraph

May 8, 2025 09:19:00 AM:

Coinbase, the top US cryptocurrency exchange, is set to acquire Deribit, a major crypto derivatives trading platform, for $2.9 billion. The move will allow Coinbase to enter the lucrative crypto derivatives market and further its global expansion strategy. The deal includes $700 million in cash and 11 million shares of Coinbase stock. Regulatory approval is pending for the deal to close by year-end. Previous reports indicated a potential valuation of Deribit between $4-5 billion. Deribit holds a license in Dubai, which may need to be transferred to Coinbase. Deribit has not responded to requests for comment on the acquisition. This story is developing, with updates to come.

Read more at Cointelegraph: Coinbase to acquire options trading platform Deribit for $2.9B