Coinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest deal in the crypto industry to date.

The deal with Deribit includes $700 million in cash and 11 million shares of Coinbase Class A common stock, according to the companies, making it one of the largest deals in the i

Coinbase Inc. today announced it will acquire Dubai-based Deribit, a leading global cryptocurrency derivatives exchange, in a deal valued at $2.9 billion.