According to StockMKTNewz, Coinbase ($COIN) is set to acquire leading crypto options platform Deribit in a $2.9 billion deal, as reported by The Wall Street Journal. This acquisition marks Coinbase's aggressive expansion into the crypto derivatives sector, which is known for high trading volumes and institutional participation. For traders, this move could mean increased liquidity, broader crypto options offerings, and intensified competition among major exchanges. Analysts expect this deal to enhance Coinbase's market share in derivatives and potentially drive increased volatility and trading opportunities in the broader crypto market (source: StockMKTNewz via WSJ, May 8, 2025).