Coinbase Buys Deribit for $2.9 Billion As Stock Prices Surge 37% in a Month

Coinbase signed a deal to acquire the crypto derivatives exchange Deribit for $2. 9 billion, signaling the company’s growing interest in the crypto derivatives market. The exchange will transfer $700 million in cash to Deribit, making the rest of its payment in Class A stock. This may or may not delay the deal’s finalization for a few months source: https://beincrypto.com/coinbase-acquires-deribit-as-stock-price-surges/