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Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.
Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.
Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.
The exchange continues to branch out and serve different segments within crypto, and offers a perpetual…
