“The COINBASE cryptocurrency has entered into a deribit purchase agreement, the largest platform for bitcoin options trading. About it reports The Wall Street Journal with reference to sources familiar with the details of the agreement. According to the publication, the cost of the agreement was $ 2.9 billion. It is the largest acquisition in the history of the US company and a strategic step to strengthen the positions in the derivative market, where Coinbase has still been inferior to players such as Binance and OKX. Deribit accounts for more than 85% of the bidding volume […]”, – WRITE: Businessua.com.ua
The COINBASE cryptocurrency has entered into a deribit purchase agreement, the largest platform for bitcoin options trading. About it reports The Wall Street Journal with reference to sources familiar with the details of the agreement.
According to the publication, the cost of the agreement was $ 2.9 billion. It is the largest acquisition in the history of the US company and a strategic step to strengthen the positions in the derivative market, where Coinbase has still been inferior to players such as Binance and OKX.
Deribit accounts for more than 85% of the volume of bitcoin options. The 2016 platform also supports futures and spot trading.
“This agreement will make us leaders in this direction,” said Vice president of Coinbase Greg Tusar.
He added that the acquisition of Deribit will accelerate the international expansion of the company outside the United States.
Under the terms of the agreement, the payment will be mixed in a mixed form: $ 700 million in cash and 11 million Coinbase shares. The completion of the process is expected by the end of the third quarter of 2025 – after agreeing with the regulators.
We will remind, in March the Kraken Exchange concluded an agreement on the purchase of the Ninjatrader futures platform for $ 1.5 billion, and in April Ripple announced the purchase of Hidden Road brokerage company for $ 1.25 billion.
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