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Coinbase’s $2.9B Deribit Grab Shakes Crypto Rivals—Wall Street Braces for Blood
Coinbase’s $2.9B Deribit Grab Shakes Crypto Rivals—Wall Street Braces for Blood
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Coinbase just dropped a $2.9 billion bomb on the crypto derivatives space—and analysts say competitors should be sweating. The Deribit acquisition isn’t just a power move; it’s a direct threat to every exchange still pretending spreadsheets count as ’risk management.’
Wall Street’s take? Legacy players better innovate or start drafting their obituaries. Because while they were busy overcompliance-ing themselves into irrelevance, Coinbase just rewrote the rules of the game. Again.
Bonus jab: Somewhere in Manhattan, a hedge fund manager is still explaining to his LPs why he passed on crypto in 2025.
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