According to @AltcoinGordon, Coinbase is acquiring the crypto options platform Deribit in a $2.9 billion deal. This acquisition represents a significant move by Coinbase to expand its presence in the derivatives market, which is increasingly important for institutional and retail traders seeking advanced crypto trading strategies. The deal is expected to boost liquidity and trading volume on Coinbase, making it a more competitive player against platforms like Binance and Bybit, and could drive further institutional adoption of crypto derivatives. (Source: @AltcoinGordon, May 8, 2025)