Will COIN's Deribit Buyout Unlock the Potential of Crypto Derivatives?

Key Takeaways Coinbase acquired Deribit for $2.9B, gaining a leading role in global crypto derivatives.Deribit adds $60B in open interest, $1T traded last year and $30M in July revenues.Acquisition brings immediate EBITDA accretion and strengthens Coinbase's competitiveness.Coinbase Global (COIN) recently acquired Deribit for $2.9 billion. With this, the crypto leader has become the leading global platform for crypto derivatives, which is much larger in trading volumes than the spot crypto market. Deribit b ...