Coinbase just went shopping.

One of the largest crypto exchanges in the world just spent $2.9 billion to acquire Deribit, a trading platform.

The idea is to expand the company's reach in the 'profitable crypto derivatives market'.

Apparently, the deal also includes getting rid of the founders John and Marius Jansen, who are both expected to step away from the firm when the deal is finalised in late 2025.

Still, they're going to walk away with a few hundred million dollars, maybe more, so I'd happily step away with that sum in my pocket.