Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say

What are the key points of the US-UK trade deal? How will Trump’s tariffs impact US automakers? Why did Coinbase acquire Deribit for $2.9B? What caused Tesla to cancel Cybertruck range extender? How is Bill Gates accelerating his philanthropic spending? What led to the drop in Shopify’s stock despite revenue growth? Why did Celsius CEO receive a 12-year prison sentence? How is the Fed responding to Trump’s tariff policy? What are the implications of the Energy Star program cuts?

Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say

coindesk.com/markets/2025/05/08/coinbase-buying-deribit-for-usd2-9b-a-legitimate-threat-for-peers-wall-street-analysts-say

Coinbase's (COIN) $2.9 billion acquisition of Deribit will be a tipping point for the company, pushing the U.S.-based exchange into direct competition with global heavyweights like Binance, Wall Street analysts wrote on Thursday.
The massive deal is more than just a platform expansion;…

This story appeared on coindesk.com, 2025-05-08 20:13:38.