Acquisition

Ripple has acquired Rail, a stablecoin infrastructure platform, for $200 million to enhance its stablecoin offerings, particularly its RLUSD token, in a competitive market. This move aligns with growing US government support for digital assets and aims to improve global money transfers.

Coinbase, the leading cryptocurrency exchange, is set to acquire derivatives platform Deribit for $2.9 billion, including cash and shares. This acquisition is a strategic move to enhance Coinbase's market position and expand into the lucrative derivatives sector, promising further access to various trading options. With this move, Coinbase not only strengthens its portfolio but also aligns with the broader pro-cryptocurrency climate.