Coinbase Acquires Deribit for 2.90 Billion USD, Wall Street Analysts Call It a "Legitimate Threat" to Peers

Coinbase announced the acquisition of Deribit for 2.90 billion USD, a move regarded by Wall Street analysts as a "legitimate threat" to its peers. This deal demonstrates Coinbase's expansion and increased competitiveness in the cryptocurrency derivatives market. Analysts believe this could put pressure on other crypto trading platforms, driving changes in the industry landscape.