In a $ 2.9 billion deal, Coinbase (Coin) Deribit is buys to expand the US encryption market market

Coinbase agreed to pay $ 2.9 billion to buy Bitcoin (BTC) and ETHER (ETH) from a platform, according to A. press releaseOn the occasion of her official payment in the very profitable encryption derivative market in the United States

Exchanging encryption, along with the Kraken opponent, He was in talks To buy Deribit for several months, with Bloomberg reported that giant options can be valued from 4 billion to $ 5 billion.

Crakon, instead, It has been purchased The US Futures Trader Ninja Trader platform for $ 1.5 billion, allowing exchange to compete with Coinbase in submit futures and derivatives in the United States

Coinbase’s acquisition comes after a crowded year in making the encryption deal, as companies put themselves while US President Donald Trump promised to become.The capital of encryption in the world“

The deal with Deribit 700 million dollars includes cash and 11 million shares of Coinbase Class A shares, according to companies, making it one of the largest deals in industry and “[giving] The company is an immediate foothold and dominant in the area of ​​high -growth derivatives before the expected increase in the institutional adoption of digital assets, “according to a note from the scale analyst Mark Palmer.

Deribit was founded in 2016, and quickly acquired the market share to trade digital asset options. The Stock Exchange was treated $ 1.2 trillion in size in 2024, an increase of 95 % on an annual basis, the company was established I mentioned In January.

Update (May 8, 14:18 UTC): Additional comments from Mark Palmer in Benchmark adds.