Coinbase agrees to acquire Deribit, potentially boosting market capitalization to $1 trillion

Coinbase, a major cryptocurrency exchange, announced on the 8th that it has agreed to acquire Deribit, a major cryptocurrency derivatives exchange.

The acquisition price is approximately $2.9 billion (approximately 423 billion yen), and the acquisition is expected to be completed by the end of 2025, subject to approval from regulatory authorities. The company expects that this strategic acquisition will significantly grow Coinbase's derivatives business.

What are derivatives?

Financial products derived from underlying assets such as cryptocurrencies and stocks. Typical derivatives include futures and options.

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