Major news sends Coinbase stock rallying

Coinbase (Nasdaq: COIN) has agreed to acquire Deribit for roughly $2.9 billion, The Wall Street Journal reported on May 8. The deal would mark the largest acquisition in the history of the crypto …

Coinbase Buys Deribit for $2.9B

The deal with Deribit includes $700 million in cash and 11 million shares of Coinbase Class A common stock, according to the companies, making it one of the largest deals in the i …