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Coinbase Doubles Down—$2.9B Deribit Buy Just the Start of Crypto Shopping Spree
Coinbase Doubles Down—$2.9B Deribit Buy Just the Start of Crypto Shopping Spree
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Another day, another nine-figure acquisition in crypto-land. Coinbase just dropped $2.9 billion on derivatives platform Deribit—and insiders say the exchange isn’t done playing monopoly with investor money.
Why? Because nothing screams ’bull market’ like reckless M&A. While traditional finance tightens belts, crypto’s poster-child exchange is burning cash like a degenerate at the blackjack table. Regulatory scrutiny? Pfft. Market volatility? Just a buying opportunity.
Next targets? Rumor mill points to Asian exchanges and custody plays. After all, when your business model relies on ’number go up,’ diversification is just hedging your bets—with other people’s Bitcoin.
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