For Coinbase, the deal is a push into the highly profitable ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/markets/cryptocurrency”>crypto derivatives market, according to the report.
The $2.9 billion deal price consists of $700 million in cash and 11 million shares of Coinbase Class A common stock, WSJ reported.
Coinbase did not immediately respond to a Reuters request for comment.
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