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Coinbase Drops $2.9B Bomb—Snatches Crypto Derivatives King Deribit in Mega-Deal
Coinbase Drops $2.9B Bomb—Snatches Crypto Derivatives King Deribit in Mega-Deal
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Wall Street’s favorite crypto giant just went all-in on options. Coinbase—the exchange that can’t decide if it wants to be a regulator’s pet or a crypto rebel—just locked down a $2.9 billion acquisition of Deribit, the Panama-based derivatives powerhouse that’s been serving degens since 2016.
Why it matters: This isn’t just a buyout—it’s a full-scale invasion of crypto’s wildest frontier. Deribit dominates BTC and ETH options volume, giving Coinbase instant leverage in the casino-like world of crypto derivatives. Traders are already placing bets on whether the SEC will let this slide.
The cynical take: Another ‘decentralized’ crypto firm gets swallowed by Big Finance. At least the Panama paperwork will be entertaining.
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