Coinbase agreed to pay $ 2.9 billion to buy a drinking platform Dispos of Bitcoin (BTC) and ether (ETH) options, according to a press release, marking its official thrust on the Crypto-Resentable derivatives in the United States
The exchange of crypto, alongside competitor Kraken, was in talks to buy drunkenness for months, Bloomberg reporting that the options giant could be estimated at $ 4 billion at $ 5 billion.
Kraken, instead, bought US Futures Platform Ninja Trader for $ 1.5 billion, allowing the exchange to compete with Coinbase to offer future and derivatives in the United States
The acquisition of Coinbase comes after what has been a year in charge of the design of cryptography while businesses are positioning themselves in what US President Donald Trump has promised to become the “cryptographic capital of the world”.
The agreement with Deribit includes 700 million dollars in cash and 11 million ordinary Coinbase Class shares, according to companies, which makes it one of the largest transactions in the industry and “[giving] The company immediately has and dominating the space in the space of high growth derivatives before a planned increase in the institutional adoption of digital assets ”, according to a note by the reference analyst Mark Palmer.
Founded in 2016, Deribit quickly resumed the market share for trading digital asset options. The exchange dealt with $ 1.2 billion of volume in 2024, an increase of 95% from one year to another, the company reported in January.
Update (May 8, 2:18 PM UTC): Add additional comments from Mark Palmer from Benchmark.
