Published on: 2025-07-24 06:33:08
The Coinbase logo is displayed on a smartphone with stock market percentages on the background. Coinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest deal in the crypto industry to date. The company said Thursday that the cost comprises $700 million in cash and 11 million shares of Coinbase class A common stock. The transaction is expected to close by the end of the year. Shares of Coinbase rose nearly 6%. The acquisition positions
Keywords: coinbase crypto deal deribit derivatives
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