Coinbase takes over crypto option exchange Deribit to strengthen the derivation business and expand the offer to trading products

Coinbase takes over crypto option exchange Deribit to strengthen the derivation business and expand the offer to trading products
Coinbase announces strategic takeover of the crypto option exchange Deribit
Coinbase, one of the leading platforms for trading cryptocurrencies, has announced the strategic takeover of the Deribit crypto option exchange. With this takeover, Coinbase pursues the goal of significantly promoting its derivatives business and offering a more comprehensive offer in the field of crypto derivatives.
By integrating from Deribit, Coinbase plans to provide its customers a complete range of trading opportunities that includes spot trading, futures and options. This offer will enable users to benefit from a variety of trade strategies and products, which is particularly interested in professional dealers.
The takeover from Deribit could also increase the competition in the field of crypto derivatives, since Coinbase is able to offer a wider range of products and at the same time increase liquidity on the platform. The decision to take over Deribit emphasizes Coinbases commitment to play a leading role in the rapidly growing market for crypto derivatives.
Overall, taking over from Deribit is an important step for Coinbase to further consolidate its market position in the field of cryptocurrencies and digital financial products.