Crypto on Track for M&A Record With Coinbase’s $2.9B Derebit Takeover

Crypto on Track for M&A Record With Coinbase’s $2.9B Derebit Takeover

Brian Armstrong, CEO of Coinbase. Photo by TechCrunch via CC BY 2.0.This story was originally published on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.Coinbase wanted more options. The leading US crypto exchange says it found them in an agreement to buy Derebit for $2.9 billion, marking the crypto industry’s largest d…

By gaining control of the global leader in crypto derivatives, the trading platform expands its influence in the crypto industry and increasingly attracts traditional finance.

Bitcoin Surpasses $104K, Fueling Speculations of Alt Season Amid Regulatory Developments and Coinbase's Strategic Acquisition

The post Bitcoin Surpasses $104K, Fueling Speculations of Alt Season Amid Regulatory Developments and Coinbase’s Strategic Acquisition appeared on BitcoinEthereumNews.com. The crypto market is witnessing a significant resurgence, with Bitcoin surpassing the $100K mark and altcoins following suit, signaling renewed investor interest. Coinbase’s acquisition of Deribit is indicative of the platform’s strategic moves to strengthen its position in th…

Bitcoin tops $102,000 to touch highest level since January after Coinbase, tariff deals - TECHTELEGRAPH

BTC-USD) surged above $102,000 on Thursday to touch its highest level since late January. COIN) announcement earlier in the day about the crypto exchange’s deal to acquire options platform Deribit for $2.9 billion also helped boost sentiment in the sector. Read more about today’s market action MSTR) and adding crypto to their balance sheets have also bolstered sentiment toward the sector. Ines Ferre is a Senior Business Reporter for Yahoo Finan…

Coinbase Acquires Deribit in $2.9B Crypto Options Push

Coinbase now controls 85% of global crypto options. Derivatives trading is the next big growth area in crypto. U.S. regulation is shifting to support crypto innovation. Coinbase has announced a major move in its global expansion strategy by acquiring Deribit, the leading crypto options exchange, in a deal worth $2.9 billion. The transaction includes $700 million in cash and 11 million shares of Coinbase stock, marking one of the largest crypto a…

Coinbase buys Deribit for $2.9 billion, thus consolidating its position as a key player in the crypto derivatives market. The deal includes $700 million in cash and 11 million Coinbase shares. With Deribit, Coinbase becomes the world leader in crypto options, integrating a platform generating more than $1 trillion in annual volume, even during low market times. Coinbase buys Deribit for $2.9 billion The announcement has made the effect of an ear…