Coinbase to buy Deribit in record $2.9bn crypto deal

  • Coinbase Global Inc (NASDAQ:COIN) is set to acquire Deribit, a crypto derivatives exchange based in Dubai, for $2.9 billionĀ in a move that will significantly boost its international presence and place it in direct competition with global heavyweight Binance. The deal, announced Thursday, includes $700mn in cash and 11mn Coinbase class A shares.