Coinbase Dominates Crypto Futures with $2.9B Deribit Takeover—Wall Street Left Scrambling
Coinbase just rewrote the crypto rulebook—snagging derivatives giant Deribit in a $2.9 billion mega-deal. Suddenly, the 'boomer exchange' owns the casino.
Game on.
Why it matters: Derivatives drive 75% of crypto trading volume. By swallowing Deribit—the unregulated king of Bitcoin options—Coinbase just bypassed years of regulatory hand-wringing. Traders win. Lawyers lose.
The cynical spin: Another 'decentralized' platform falls to corporate capture. But let’s be real—when institutional money talks, crypto’s anarchist roots walk.
What’s next? Coinbase’s stock pumps 12% pre-market... while purists scream 'sellout.' Meanwhile, CZ probably just ordered an emergency board meeting.
Four Under-the-Radar Forces That Could Push Crypto Higher Before Year-End
With the acquisition complete, Coinbase gains direct control over the industry’s largest derivatives book, positioning it to compete more aggressively with global exchanges while catering to both institutional and retail traders seeking advanced market instruments.
