According to Milk Road (@MilkRoadDaily), Coinbase ($COIN) saw its stock jump 20% in May 2025, driven by its acquisition of Deribit, the largest options trading platform in crypto, and its entry into new strategic partnerships. This sharp rally underscores growing institutional confidence in Coinbase as it expands its derivatives footprint and strengthens its position in the global crypto trading ecosystem (source: Milk Road, June 2, 2025). The acquisition of Deribit is expected to boost trading volumes and attract more professional traders to Coinbase, potentially increasing liquidity and market depth for crypto options. These developments are likely to have a positive spillover effect across the broader cryptocurrency market, especially in options and derivatives trading segments.

According to QCP (@QCPgroup), Coinbase is set to be added to the S&P 500 index tonight following its recent acquisition of Deribit, marking a significant milestone for institutional credibility in the crypto market. This move is expected to drive further mainstream adoption of cryptocurrencies, as S&P 500 inclusion increases exposure to institutional investors and index funds. Traders should monitor increased trading volume and potential volatility in COIN shares and related crypto assets as mainstream financial markets integrate more digital asset exposure. (Source: QCPgroup, Twitter, May 19, 2025)

According to MilkRoadDaily, despite a broad crypto market rally and Coinbase's announcement of acquiring Deribit, Coinbase (COIN) stock remained flat over the past 24 hours, delivering approximately 0% gains. The main driver for this lack of movement was the company's earnings report, which appears to have tempered investor enthusiasm even amid positive sector news. Traders should note that while the crypto market pump and strategic acquisitions often lead to bullish sentiment for related equities, earnings performance can override even strong market catalysts. Monitoring earnings releases and their reception is crucial for crypto stock trading strategies (Source: @MilkRoadDaily, Twitter, May 9, 2025).

According to @AltcoinGordon, Coinbase is acquiring the crypto options platform Deribit in a $2.9 billion deal. This acquisition represents a significant move by Coinbase to expand its presence in the derivatives market, which is increasingly important for institutional and retail traders seeking advanced crypto trading strategies. The deal is expected to boost liquidity and trading volume on Coinbase, making it a more competitive player against platforms like Binance and Bybit, and could drive further institutional adoption of crypto derivatives. (Source: @AltcoinGordon, May 8, 2025)