"Coinbase Pursues Acquisition of Cryptocurrency Derivatives Exchange Deribit for Approximately $2.9 Billion"

Minseung Kang

Summary

Coinbase is reportedly pursuing a deal to acquire Deribit for $2.9 billion.
The acquisition price is expected to consist of $700 million in cash and 11 million shares of Coinbase Class A stock.
U.S. cryptocurrency exchanges are reportedly strengthening their market offensive with active acquisitions of derivatives exchanges.

It has been reported that the U.S. cryptocurrency exchange Coinbase is pursuing a deal to acquire the global cryptocurrency options exchange Deribit for approximately $2.9 billion.

On the 8th, the overseas economic news channel Walter Bloomberg reported, "Coinbase is expected to officially announce the acquisition of Deribit this coming Thursday. The total transaction amount is $2.9 billion, of which $700 million will be in cash, and the remainder will consist of 11 million shares of Coinbase Class A stock."

Previously, Deribit had announced that it was actively reconsidering its entry into the U.S. market.

Meanwhile, U.S. cryptocurrency exchanges are continuing their market offensive by acquiring derivatives exchanges. Recently, the U.S. cryptocurrency exchange Kraken acquired the derivatives trading platform NinjaTrader for $1.5 billion.