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Coinbase Makes Power Play: Snags Deribit for $2.9B in Crypto’s Biggest Brokerage Buyout Yet
Coinbase Makes Power Play: Snags Deribit for $2.9B in Crypto’s Biggest Brokerage Buyout Yet
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Wall Street’s favorite crypto giant just wrote a check its competitors will feel for years. Coinbase—no stranger to regulatory headwinds—just sidestepped the startup grind by swallowing derivatives king Deribit whole.
Why it matters: The deal gives Coinbase instant dominance in crypto options trading, a market that’s exploded 400% since 2023. Traders win with tighter spreads, but skeptics whisper this smells like exchange consolidation 101—remember when banks ’diversified’ before 2008?
The cynical take: Nothing cures bear market blues like spending other people’s money (looking at you, Q2 2025 earnings call).
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