According to Milk Road (@MilkRoadDaily), Coinbase ($COIN) saw its stock jump 20% in May 2025, driven by its acquisition of Deribit, the largest options trading platform in crypto, and its entry into new strategic partnerships. This sharp rally underscores growing institutional confidence in Coinbase as it expands its derivatives footprint and strengthens its position in the global crypto trading ecosystem (source: Milk Road, June 2, 2025). The acquisition of Deribit is expected to boost trading volumes and attract more professional traders to Coinbase, potentially increasing liquidity and market depth for crypto options. These developments are likely to have a positive spillover effect across the broader cryptocurrency market, especially in options and derivatives trading segments.