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Coinbase Drops $2.9B Bomb: Deribit Buyout Shakes Crypto Markets
Coinbase Drops $2.9B Bomb: Deribit Buyout Shakes Crypto Markets
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Wall Street meets Satoshi—again. Coinbase just flexed its corporate muscle with a $2.9 billion cash-and-stock grab for Deribit, the crypto derivatives heavyweight. The deal vaults Coinbase into direct competition with offshore rivals... just as regulators start sharpening their knives.
Why it matters: Control over derivatives = control over crypto’s casino economy. Deribit’s 24/7 options and futures trading pumps 10x more volume than Coinbase’s current offerings. Now they own the house—and the roulette wheel.
The cynical take: Another ’strategic acquisition’ funded by retail traders’ fee revenue. But hey, at least the C-suite gets bragging rights at the next Davos crypto cocktail hour.
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