Coinbase（Coin）股票激增4.50％至205.39美元

《華爾街日報》報導並由公司高管確認的該交易包括7億美元現金和1100萬股Coinbase A類普通股。

Coinbase (NASDAQ:COIN) shares rose 4.50% in early trading on Thursday after the largest U.S. cryptocurrency exchange reportedly agreed to acquire crypto derivatives giant Deribit for about $2.9 billion in cash and stock.

Coinbase（NASDAQ：COIN）的股價在周四早些時候上漲了4.50％，因為據報導，美國最大的加密貨幣交易所同意以大約29億美元的現金和股票收購加密衍生物巨頭deribit。

According to The Wall Street Journal, which first reported the news, citing people familiar with the matter, the deal will see Deribit valued at $700 million in cash and 11 million shares of Coinbase Class A common stock.

據《華爾街日報》（Wall Street Journal）首次報導了這一消息，並引用了熟悉此事的人們，該交易將使deribit價值7億美元現金和1100萬股Coinbase A類普通股。

The report further stated that the global crypto derivatives market is expected to exceed $50 billion in trading volume by 2026.

該報告進一步指出，到2026年，全球加密衍生品市場預計將超過500億美元的交易量。

Coinbase is pivoting into the lucrative crypto derivatives market, a sector that has been heating up with growing institutional interest in digital assets.

Coinbase正在轉向利潤豐厚的加密衍生品市場，該市場一直在升溫數字資產的機構興趣。

The move will also help the exchange diversify its revenue streams and maintain its leadership position in the face of stiff competition.

此舉還將幫助交易所多樣化其收入來源，並在面對激烈競爭的情況下保持其領導地位。

Deribit is a leading platform for crypto options and futures, and its presence in the derivatives market—particularly in Bitcoin and Ethereum options—will complement Coinbase’s existing infrastructure.

deribit是加密貨幣期權和未來的領先平台，它在衍生品市場（尤其是比特幣和以太坊期權）的存在將補充Coinbase現有的基礎架構。

This will enhance the exchange’s appeal to sophisticated traders and institutions who prefer more advanced trading instruments and strategies for managing risk in a volatile market.

這將增強交易所對精緻的交易者和機構的吸引力，他們更喜歡更先進的交易工具和策略來管理波動市場的風險。

The $2.9 billion valuation for Deribit reflects the premium placed on the company’s specialized expertise and significant market share in a segment that thrives on volatility and hedging strategies.

29億美元的Deribit估值反映了公司專業知識的溢價和在波動性和對沖策略中蓬勃發展的細分市場中的重要市場份額。

Coinbase’s move comes at a time when regulatory clarity in the U.S. crypto space remains elusive, posing challenges for exchanges like Coinbase to expand their operations smoothly.

Coinbase的舉動是在美國加密貨幣空間中的監管清晰度仍然難以捉摸的時候，對Coinbase等交流構成了挑戰，可以順利擴展其運營。

However, the exchange’s financial strength—bolstered by its public market status—enables it to make bold investments and seize emerging opportunities despite the regulatory hurdles.

但是，儘管受到監管障礙，但該交易所的財務實力（按其公共市場地位都構成了大膽的投資並抓住新出現的機會）。

This acquisition will help Coinbase integrate Deribit’s capabilities and expand its offerings to cater to a wider range of user preferences and trading styles.

此次收購將有助於Coinbase整合Deribit的功能，並擴展其產品，以滿足更廣泛的用戶喜好和交易方式。

The 4.50% stock surge indicates investor confidence in Coinbase’s growth trajectory as it expands into the lucrative derivatives market, which often generates higher fees compared to traditional crypto trades.

4.50％的股票激增表明投資者對Coinbase的增長軌蹟的信心，因為它擴展到了有利可圖的衍生品市場，與傳統的加密貨幣交易相比，這通常會產生更高的費用。

By integrating Deribit’s advanced trading technology and experience, Coinbase is poised to deepen its competitive moat in a rapidly evolving industry where innovation and scale are crucial for survival and success.

通過整合Deribit的先進交易技術和經驗，Coinbase準備在迅速發展的行業中加深其競爭性護城河，在該行業中，創新和規模對於生存和成功至關重要。

This acquisition signals Coinbase’s ambition to dominate the next phase of the crypto market’s maturation, balancing the emerging regulatory landscape with strategic expansion moves to maintain its market leadership position.

此次收購標誌著Coinbase雄心勃勃地佔據著加密市場成熟的下一階段的野心，將新興的監管格局與戰略擴張的行動保持平衡，以保持其市場領導地位。