Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say

Coinbase's (COIN) $2.9 billion acquisition of Deribit will be a tipping point for the company, pushing the U.S.-based exchange into direct competition with global heavyweights like Binance, Wall Street analysts wrote on Thursday source: https://www.coindesk.com/markets/2025/05/08/coinbase-buying-deribit-for-usd2-9b-a-legitimate-threat-for-peers-wall-street-analysts-say