M&A


Finance

Synthetix Considers Purchase of Options Platform Derive in $27M Token-Swap Deal

If approved, the uncommon token swap deal would reunite two previously split protocols as Synthetix expands its derivatives suite.

Two men shake hands, only their arms and hands are visible.

Finance

Robinhood Enters Canada by Taking Over Crypto Exchange WonderFi for $179M

WonderFi's platforms, Bitbuy and Coinsquare, bolster Robinhood's international expansion efforts in the crypto market.

Robinhood

Finance

In $2.9B Deal, Coinbase Agrees to Buy Deribit to Expand in U.S. Crypto Options Market

The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.

Coinbase CEO, Brian Armstrong, at Consensus 2019 (CoinDesk)

Markets

Figment Eyes Up to $200M Worth of Acquisitions in Crypto M&A Push: Report


Figment is targeting regional players on Cosmos and Solana networks at a time in which pro-crypto U.S. policy is fueling dealmaking

Figment CEO Lorien Gabel (CoinDesk Archives)

Finance

Ripple to Acquire Prime Broker Hidden Road for $1.25B, Expanding Institutional Push

Among other things, the deal is expected to strengthen Ripple’s stablecoin ambitions.

Money in hand (Unsplash)

Finance

Crypto-Friendly Prime Broker Hidden Road in Active Takeover Talks: Sources

The company is being advised by FT Partners, the sources said.

Money in hand (Unsplash)

Markets

Bitcoin Miner Hut 8 Could Look to Acquire a Hyperscaler, Clear Street Says

The broker has a buy rating on the shares with a $23 price target.

(Sandali Handagama/CoinDesk)

Finance

Kraken to Buy NinjaTrader for $1.5B to Enter U.S. Crypto Futures Market

The deal could be a way for the crypto exchange to move into another asset class and increase its users.

(Kraken)

Finance

Crypto Exchange Deribit Still in Talks to Be Acquired by Kraken: Source

A second source said U.S.-listed exchange Coinbase has also been kicking the tires of Deribit.

Deribit CEO Luuk Strijers (Extreme right) at Consensus Hong Kong (CoinDesk)

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