A deal with 2.9 billion dollars .. “Queen Piece” acquires “Derbit”

Coinbase Global has announced an agreement to acquire the Deribit Current Current Currency Platform for $ 2.9 billion, in one of the largest deals in the digital currency sector so far.

This acquisition represents an important strategic step for Coinbase, the largest digital exchange exchange in the United States, seeking to enhance its presence in the derivative trading market, which has always been a profitable field for other competitors.

Coinbase’s shares increased by more than 4% after announcing the deal, which reflects the market confidence in this step.

The famous American newspaper Wall Street Journal was the first to reveal the details of this agreement.

Commenting on the deal, the head of the Coinbase Greg Torazar said, “It is not about adding new products, but rather by providing deeper liquidity, more tight prices, and advanced tools for institutional and individuals alike,” said Coinbase Touzar, head of Coinbase Touzar.

Touzar also confirmed in his post on the official blog that Deribit is not just an ordinary addition, but rather a strategic opportunity to enhance the digital currency trading market.

This deal comes as a complement to a previous chain of acquisitions by Qinbase, including the purchase of One River Digital Asset Management in 2023, and Fairx Dermits Trading in 2022, Tagomi Tagomi as a mediation platform in 2020, XAPO for save services in 2019, the deal will be funded. With a mixture of regular quotes of Coinbase and $ 700 million in cash.

The acquisition reflects the growth of the digital currency sector as a major field of integration and acquisition activity, as traditional industries remain reluctant in light of the economic challenges imposed by trade tensions and customs duties launched by former US President Donald Trump.

Also among the most prominent deals this year, the KAKEN KAKEN, the American Coinbase, the Coinbase Agreement on the Ninja Trader, for $ 1.5 billion, as well as the Ripple Labs for the acquisition of the financial brokerage company Hidden Road for $ 1.25 billion.

Quinbase is expected to announce the results of the first quarter on Thursday, as expectations indicate a decrease in profits, while total revenue increases compared to the same period last year, as the company recorded accounting gains of $ 737 million on its digital assets in the first three months of last year.