According to a report by the Wall Street Journal, Coinbase, the leading US cryptocurrency exchange, has agreed to buy the Crypto Options Trading Giant Deribit for an astounding $2.9 billion.
With the latest deals, Coinbase plans to gain a stiffer foothold within the thriving Crypto Derivatives market.
Coinbase stocks are up nearly 5% in pre-market trading.
Crypto Megadeal comes after the announcement that the enterprise blockchain Ripple is purchasing Prime Brokerage Hidden Road for $1.25 billion.
Kraken, one of Coinbase’s major competitors, has agreed to acquire Futures Trading Platform Ninjatrader for $1.5 billion.
