Coinbase Drops $2.9B Bomb: Acquires Deribit in Power Move

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2025-05-08 13:28:55

Coinbase Buys Deribit for $2.9B

Wall Street’s favorite crypto giant just went all-in on derivatives—because what’s finance without leverage and a little existential risk?

Coinbase snaps up Deribit in a deal that reeks of ‘when in doubt, buy the competition.’ The $2.9B price tag? Just couch cushion money for a company that’s made bank on retail traders chasing the next meme coin.

Deribit’s options dominance now gives Coinbase a backdoor into institutional trading—while conveniently sidestepping the whole ‘regulatory scrutiny’ thing. Smooth.

One question remains: Will this finally make Coinbase’s app stop crashing during bull runs? (We kid… mostly.)

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