Coinbase Inks $2.9 Billion Deal to Buy Crypto Options Exchange Deribit

Coinbase, America’s largest crypto exchange, on Thursday announced that it has agreed to buy digital assets options exchange Deribit.

The San Francisco, California-based company said in a company blog post Thursday that the transaction was valued at $2.9 billion. The total price paid will consist of  $700 million in cash and 11 million shares of Coinbase Class A common stock, the companies said.

This is a breaking news story.

Edited by Stacy Elliott.