Hi HODLers, Hiveans and Lions,
Coinbase is rumoured to try to venture deeper into the crypto options world. I believe that would be a great move and could be a copy trade following Robinhood's path.
RobinHood's started out with spot stock trading but really aquired new users and generated huge profits once it got into the options world. And god knows there were extremely good at marketing it to normies. Which for the most part lost a lot of money trying to become rich!
The whole WallStreetBets craze was empowered by options and RobinHood.
- Coinbase is in advanced discussions with leading global crypto derivatives exchange Deribit, reports Bloomberg.
- Deribit earlier this year was reported to be valued in the $4 billion to $5 billion range.
Bloomberg earlier this year — alongside rumors that Kraken was discussing an acquisition of Deribit — reported Deribit could be valued in the area of $4 billion to $5 billion.
Good strategic move and a good way to put cash to use in my opinion.
Definitely a positive for whichever company who ends up buying Deribit.
Stay safe out there,