According to @MilkRoadDaily on Twitter, Coinbase has announced its largest acquisition to date by acquiring Deribit, the leading crypto options platform that currently controls 80% of all BTC and ETH options trading by volume. As cited by @DTAPCAP, Deribit is considered one of the most profitable companies in the crypto sector. This move positions Coinbase as a dominant force in the crypto derivatives market, potentially increasing institutional participation and impacting liquidity and volatility in BTC and ETH options markets. The acquisition is expected to drive significant growth in crypto options trading and further integrate traditional finance players with crypto infrastructure (Source: @MilkRoadDaily, May 8, 2025).