Coin for purchasing deribit for $ 2.9 billion in Landmark Cripto Deal

Coinbase Global (Coin) has reached an agreement to buy the CRIPTO DERIBIT option for $ 2.9 billion, one of the most significant offers ever for the Kruptocurrency industry.

The agreement signifies another turning point for Kovanica, the highest exchange of cryptocurerer in the US, after years after they disappeared on a wider amount of transactions and margins that other exchanges trapped from trading derivatives.

Stock Coinbase increased over 4% on the announcement. He first reported Wall Street job.

“This is not just more products – it is a deeper liquidity, more solidly expands and better tools for institutional and retailers,” Greg tusar, head of the institutional product Greg Tusar, in E-Mailogu, said in the statement by email.

Deribit “is not just another supplement,” he added to the blog mail.

Acquisition follows the purchase of Coinbase Manager One River Digital in 2023. years, Derivati ​​Fairk in 2022. year platform Cripto Brokerige platform tagomi at 2020. years and Custods Business XAPO in 2019. Years.

Coinbase pays deribit with a mixture of one’s own shared action and $ 700 million in cash.

The agreement is the latest example that the Cripto industry has appeared as a few bright stains for joining activities and other industries, in the midst of economic insecurities that launched trading wars and tariffs that launched trading wars and tariffs.

The biggest driver of that crypto optimism is Trump continued to hug digital property. He pushes more favorable regulation of the industry, and the waitress is expected to be one of the largest users.

Some other great crypto so far this year include an American Rival Coinbase announced a CRIPTO Futures Trading Platform for $ 1.5 billion in March and Cripto Broker and Financing a Hidden Road for 1.25 billion dollars.

The coin reports earnings on Thursday afternoon on Thursday. It is expected that its profit will decline while the net income is expected to jump compared to a year ago. He recognized $ 737 accounting at his cropto funds in the first three months of last year.

David Hollerith is a senior reporter for Yahoo Finance covering banking, crypt and other areas in finance.

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