The greatest exchange of crypto in terms of volume in the United States has just signed an agreement to acquire the derivative of the derivative platform based in Dubai.
In a press release, Coinbase said The agreement costs approximately $ 2.9 billion, which includes 700 million dollars in cash and 11 million shares in its ordinary category actions submitted to purchasing prices adjustments.
“This strategic acquisition considerably advances the activities of Coinbase derivatives, establishing us as the first global platform for cryptographic derivatives … It is fundamental to our vision of creating the most complete, the most compliant and friendly derivative platform in the world.”
Deribit is the first exchange of crypto options in the world, with around $ 30 billion in current open interests. Last year, the platform also facilitated more than $ 1 Billion in volume of negotiations on the main markets, excluding the United States.
Coinbase claims that the acquisition of the deriBit will make him the world leader in cryptographic derivatives by a volume of options and open options, as well as to allow him to speed up his strategy of international growth.
“Outside the United States, our international exchange offers spot and perpetual long-term products. With Deribit, we will still expand our international footprint, offering institutional and advanced traders access to robust option markets. ”
The reports that the two companies are in the advanced stages of acquisition talks emerged in March. Coinbase says that the transaction is still subject to regulatory approvals and usual closing conditions, but should be completed by the end of the year.
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
