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Coinbase has agreed to acquire crypto derivatives platform Deribit in a landmark $2.9 billion deal. The acquisition, the largest in Coinbase’s history, aims to strengthen its position in the fast-growing crypto derivatives market.
- The $2.9 billion deal is Coinbase's largest acquisition, combining cash and stock to integrate Deribit's crypto derivatives platform.
- Deribit's VARA license in Dubai adds regulatory hurdles, requiring approval for transfer to Coinbase.
- Coinbase aims to compete with offshore rivals by scaling its global derivatives offerings through this acquisition.
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