WSJ “Coinbase, to acquire Deribit for 2.9 billion dollars”… Full-scale entry into the options market

Coinbase is expected to acquire the cryptocurrency options exchange Deribit for $2.9 billion, according to the Wall Street Journal (WSJ).

According to the report, Coinbase plans to pay $700 million in cash and 11 million of its own shares as the acquisition price. Through this acquisition, Coinbase aims to expand fully into the options and derivatives market.

Deribit is one of the world's largest exchanges based on Bitcoin and Ethereum options trading volume and has liquidity centered around institutional investors and derivatives technology infrastructure.

Industry experts believe that through this acquisition, Coinbase could secure a more advantageous position in competition with global competitors such as Binance and CME. It is also expected to combine the credibility of a publicly listed company secured within the US regulatory environment with Deribit's Europe-based operating model to accelerate its attack on the institutional derivatives market.

Coinbase has not yet made an official statement, and the deal is expected to be finalized after regulatory approval and due diligence procedures.