2️⃣ Deribit Acquisition
Coinbase recently announced it will acquire Deribit – the undisputed global leader in crypto options – for $2.9B ($700M cash and 11M shares of COIN). The acquisition marks the largest deal that the crypto industry has ever seen.

This deal will enable Coinbase to offer options alongside existing spot, futures, and perpetuals offerings to international and advanced traders, transforming the exchange into a full-service crypto powerhouse with all of the tools savvy traders need to express their views on digital asset and commodities markets.

Options allow traders to transact larger notional dollar volumes per dollar of capital thanks to their built-in leverage. The introduction of these instruments will not only allow Coinbase to earn more fees, it also stands to build a synergistic relationship that boosts overall platform trading volumes.