Coinbase to acquire Deribit, the leading coding derivative platform for $ 2.9 billion

The largest US -based encryption exchange of an agreement to obtain the largest digital asset options trading platform.

Coinbase’s statement told that the total value of the treatment will be about $ 2.9 billion, and it consists of cash and company shares.

The company listed in Wall Street Described This step as a “teacher treatment”, as Deribit is the global pioneer in terms of encryption options, with an open interest of about $ 30 billion.

According to the statement, this acquisition will highlight the works of Coinbase derivatives, “Our establishment as a major global platform for encryption derivatives.”

Coinbase will allow the creation of the “most comprehensive institutional derivative platform” using Deribit’s infrastructure, which “complements” its current area. Moreover, Exchang Brian Armstrong expects to establish the deal to enhance market leadership and help it expand the scope of a broader audience, especially from institutional traders.

“We are excited to join Coinbase to operate a new era in Crypto International Defenders,” said Luke Strgers, CEO of Deribit.

“As the leading coding options platform, we have built strong and profitable works, and this acquisition will accelerate the foundation that we laid with the supply of merchants with more opportunities across space, futures, permanent contracts and options – all under one reliable brand. With Coinbase, we are appointed to form the future of the Crypto Global derivative market.”

700 million dollars out of $ 2.9 billion will be paid, while the remaining 11 million shares of the A Coinbase shared shares will be paid.

Although the transaction is subject to organizational approval by the US World Agency, Coinbase shares prices increased in pre -market trading by approximately 5 % to more than $ 200.

This deal can become one of the largest, if not the largest, in the coded currency industry, if approved. I remember that Ripple took a big step earlier this year by obtaining the Road Hidden Road for $ 1.2 billion, but its $ 5 billion -dollar offer was rejected to control Circle.