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Coinbase Global (COIN) has agreed to acquire Deribit, the world’s biggest trading platform for bitcoin and ether options, for roughly $2.9 billion, executives told The Wall Street Journal.
The transaction adds to an uptick in crypto dealmaking, with President Trump and administration officials promising to make America a “bitcoin superpower” and usher in a golden age for crypto.
For Coinbase, the deal is a push into the highly profitable crypto derivatives market and is meant to bolster the company’s global growth, said Greg Tusar, Coinbase’s vice president of institutional product.
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