Coinbase Drops $2.9B Bomb: Acquires Deribit in Power Move
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Wall Street’s favorite crypto giant just went all-in on derivatives—because what’s finance without leverage and a little existential risk?
Coinbase snaps up Deribit in a deal that reeks of ‘when in doubt, buy the competition.’ The $2.9B price tag? Just couch cushion money for a company that’s made bank on retail traders chasing the next meme coin.
Deribit’s options dominance now gives Coinbase a backdoor into institutional trading—while conveniently sidestepping the whole ‘regulatory scrutiny’ thing. Smooth.
One question remains: Will this finally make Coinbase’s app stop crashing during bull runs? (We kid… mostly.)
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