The site we all look to when we want to predict the future of crypto prices, Deribit, is now owned by Coinbase, the largest exchange in the U.S., per the Wall Street Journal.
By the numbers: Coinbase will pay $2.9 billion to close the deal.
Coinbase says Deribit did $1 trillion in volume last year.
💠Our thought bubble: It's a power move for Coinbase, which is unlikely to become the biggest exchange in the world any time soon.
