Deribit

The deal is likely to fuel further M&A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

The deal is made up of $700 million in cash and 11 million shares of Coinbase’s Class A common stock

Crypto derivatives exchange Deribit is the first to integrate with the new offering, which uses multiparty computation wallets

Deribit’s bitcoin and ether options are set to expire Sept. 29, analysts forecast minimal impact, despite typically a volatile period

Billions of dollars in options contracts are going to expire this week, and the recent rally has caught short sellers off guard

Notional open interest on the largest centralized crypto derivatives exchange’s platform exceeded $20 billion Wednesday

The rollout could come as soon as this quarter