u.today
According to a report by The Wall Street Journal, Coinbase, the leading US cryptocurrency exchange, has agreed to buy crypto options trading giant Deribit for a staggering $2.9 billion.
Coinbase intends to gain a firmer footing within the thriving crypto derivatives market with the latest deal.
The shares of Coinbase are up nearly 5% in pre-market trading.
The crypto megadeal comes after enterprise blockchain Ripple announced that it was buying prime brokerage Hidden Road for $1.25 billion.
Kraken, one of Coinbase's main competitors, agreed to acquire futures trading platform NinjaTrader for $1.5 billion.