Coinbase Buy Deribit for $2.9 Billion, Make Global Crypto Derivatives Grow Faster

Coinbase don make dem position for crypto market strong well-well as dem buy Deribit, wey be one big crypto derivatives exchange, for around $2.9 billion. Di deal involve $700 million cash and 11 million Coinbase shares. Dis buying na di biggest M&A deal for crypto history and e show say Coinbase serious to be number one for di growing crypto derivatives side, including options and futures trading. CEO Brian Armstrong talk say Coinbase get strong $9.9 billion cash reserve and dem still dey look for more companies to join or buy so dem fit spread dem hand for di market and bring new ideas. Dis move happen as Coinbase dey ready to enter S&P 500, wey don make dem stock price jump already. At di same time, di wider crypto venture capital side dey see some change: even as di number of deals reduce, di total money dem invest don more than double to $6 billion, focusing on infrastructure and financial services. Top VCs dey stress say valuation suppose last and di mix of shares and tokens suppose be smart. Circle's expected IPO and dem focus wey dey grow on stablecoins, payment solutions, and security—wey things like di recent Bybit hack cause—show say di sector priorities dey change. For crypto traders, di way Coinbase buy Deribit suppose make competition and different different products for derivatives markets increase, wey fit affect how much dem trade and wetin dem offer to small small and big big participants.