Crypto Exchange Coinbase Officially Closes $2.9 Billion Deribit Deal

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Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.

Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.

Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.

The exchange continues to branch out and serve different segments within crypto, and offers a perpetual…



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Crypto Exchange Coinbase Officially Closes $2.9 Billion Deribit Deal


Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.

Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.

Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.

The exchange continues to branch out and serve different segments within crypto, and offers a perpetual…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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