Bernstein: Coinbase will launch a counterattack against Binance, and the crypto industry will usher in a wave of mergers and acquisitions

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ODAILY
3 days ago
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News: Bernstein analysts indicate that as exchanges and broker/dealer models begin to merge, the crypto industry is moving towards a more integrated "one-stop" multi-asset investment platform. For example, Coinbase is conducting in-depth negotiations to acquire Deribit, Kraken is about to acquire NinjaTrader, and Robinhood is integrating Bitstamp. Analysts state that Deribit's BTC and ETH options market monthly trading volume exceeds $10 billion, accounting for approximately 70% of market share, with monthly crypto futures trading volume around $4.5 billion. Coinbase's acquisition of Deribit will enable it to expand into derivatives, especially options, and will compete with Binance in the international crypto derivatives market. (The Block)

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