@dburgos777

Coinbase's acquisition of Deribit could give the company a boost. Coinbase Global Inc. (NASDAQ: COIN) could have an interesting future, despite its results. The reason? The deal with Deribit, which could turn Coinbase into a derivatives heavyweight, according to Oppenheimer. Goldman Sachs also sees potential, but others like Compass Point recall that Deribit is heavily focused on institutional clients, not the retail users who drive volume. Still, Coinbase has $8.5 billion in cash to continue making acquisitions, and its President, Emilie Choi, says they will go for bigger bets if there is regulatory clarity. That said, not everything is rosy. Forecasts point to lower services revenue in Q2 ($600-$680 million), and April volume is looking weak.

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