Coinbase Stock Is Getting A Boost Ahead Of Q1 Earnings: What’s Going On?
Posted On May 8, 2025
Coinbase Global Inc (NASDAQ:COIN) shares are surging Thursday morning following reports the company has agreed to acquire a major crypto options platform.
What Happened: Coinbase has reached a deal to acquire Deribit for roughly $2.9 billion, according to a Wall Street Journal report. The company operates the largest options trading platform for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) globally.
The move from Coinbase aims to boost the company’s global growth and cement its place as the most comprehensive player in the crypto derivatives market, Coinbase’s vice president of institutional product, Greg Tusa,r reportedly said.
The report indicates that the deal includes $700 million in cash …
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