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    Home»Web3»Crypto Exchange Coinbase officially shuts down the $ 2.9 billion derbit deal
    Web3

    Crypto Exchange Coinbase officially shuts down the $ 2.9 billion derbit deal

    PineapplesUpdateBy PineapplesUpdateAugust 14, 2025No Comments2 Mins Read
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    Crypto Exchange Coinbase officially shuts down the $ 2.9 billion derbit deal
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    The Crypto Exchange Coinbase closed the acquisition of the world’s largest crypto option trading platforms, deribbits, connecting its portfolio of digital asset businesses.

    Trading Volume on Deribit tops the $ 1 trillion in 2024, and institutional and sophisticated traders in the platform, the “loyal basis” of the coinbase Said On Thursday.

    The Coinbase agreed to acquire deerbits for $ 2.9 billion in May as part of its international expansion strategy.

    The exchange continues to branch and serve the separate segment within the Crypto, and provides an always fuchers platform for customers, a prime brokerage, a spot retail trading platforms, institutional lending services and asset detention for customers in an attempt to become a one-stop shop for Crypto.

    Crypto Exchange Coinbase officially shuts down the $ 2.9 billion derbit deal
    The stock of the coinbase fell nearly 2.5% during intraday trading after the official conclusion of the Derbit Deal. Source: Yahoo finance

    Connected: Bulish stock increases by 218% in NYSE debut as Crypto Wall Street enters the limelight

    Coinbase has received five businesses so far in 2025

    The Coinbase has acquired five companies and projects so far in 2025, including deribit, as the company expands and diversity of its services.

    The company announced the purchase of the spindle, which is a blockchain-based advertising platform, which helps the content creators to increase their online visibility in January.

    The same month, the exchange acquired the team behind a blockchain-based online browser, Rome.

    The Coinbase acquired the Liquipi platform in July. Liquity is a company focused on the management of the early-phase token startup.

    Other Crypto Exchange, Brokerage Branch out for adjacent businesses

    Major Crypto Exchanges continue to bran into adjacent businesses by offering digital asset services in various targets markets within Crypto.

    Crackon announced the introduction of token stock trading for non-American residents in May, expanding the token securities market.

    The exchange also offers crypto futures trading, asset detention, stacking and over-the-counter services for institutional customers.

    Coinbase, companies
    Robinhood’s stock is in an uptrend since April. Source: Yahoo finance

    Brokerage platform Robinhood provides mixed-transport trading services to customers, staining the line between traditional financial services and digital finance.

    The company announced a layer -2 blockchain for token stock trading in June for customers in the European region.

    The world’s largest exchange by trading volume also offers a suit of binenques, retail and institutional services, including options, futures trading and token launch platforms.

    The Exchange 2018 has been consistently receiving the crypto wallet providers, blockchain development teams, other crypto exchanges and analytics platforms.

    magazine: Deposit Risk: What do Crypto exchange actually do with your money?