Coinbase acquires options broker Deribit in sweeping $2.9 billion deal

Crypto exchange Coinbase revealed that it is acquiring options broker Deribit for approximately $2. 9 billion, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments. source: https://www.fxstreet.com/cryptocurrencies/news/coinbase-acquires-options-broker-deribit-in-sweeping-29-billion-deal-202505081705