Coinbase

In 2023, Coinbase made significant advancements by launching its own layer 2 blockchain and a Bermuda-based derivatives exchange. Additionally, the company has now integrated Apple Pay for seamless crypto purchases.

Coinbase has announced its acquisition of Deribit, valued at $2.9 billion, marking one of the largest deals in cryptocurrency history. This move aims to capture growing institutional interest in crypto derivatives, especially as Bitcoin hits $100,000, supported by favorable U.S. policies. The deal awaits regulatory approval and is expected to close by the year's end.

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.