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Coinbase Acquired Deribit for $2.9 Billion. Here’s Why It Matters - Ep. 831

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Manage episode 481699787 series 1822984
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On Thursday, Coinbase announced its acquisition of Deribit in a $2.9 billion deal, the largest merger in the crypto industry to date.

In this episode, Owen Lau, executive director and senior analyst at Oppenheimer, delves into why Deribit was such a coveted prize, what this deal means for the global derivatives landscape, and how Coinbase is using its position as a public company to cement its dominance.

Plus:

  • The importance of Coinbase paying mostly in stock and barely touching its cash

  • How the derivatives market dwarfs spot trading, and is only getting bigger

  • What this means for CME and smaller crypto exchanges

  • And how Base, Coinbase’s L2, fits into the long game

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

  • Guest

    • Owen Lau, Executive Director and Senior Analyst at Oppenheimer

Timestamps:

👋 0:00 Intro

📢 2:26 What this record-breaking $2.9B deal really means for crypto

🔥 4:39 Why Deribit was the most sought - after acquisition target in the space

📊 5:59 How the derivatives market became bigger than spot — and what’s next

⚔️ 10:16 What this move signals for CME and how the competitive landscape shifts

🛡️ 12:08 Will this deal make crypto safer for everyone?

💸 16:28 Why Coinbase used mostly stock and why that matters

📈 18:59 How the deal changes Coinbase’s revenue outlook going forward

🚀 22:15 Whether Coinbase is building the “WeChat of the U.S.” financial system

🔗 24:32 The role of Base in Coinbase’s future

🤝 25:48 Why M&A is heating up across crypto right now

⚖️ 27:35 How ongoing regulatory uncertainty still casts a shadow

🧠 28:12 What investors should keep in mind when evaluating the risks and rewards

📰 30:40 Crypto News Recap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

879 episodes

Artwork
iconShare
 
Manage episode 481699787 series 1822984
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On Thursday, Coinbase announced its acquisition of Deribit in a $2.9 billion deal, the largest merger in the crypto industry to date.

In this episode, Owen Lau, executive director and senior analyst at Oppenheimer, delves into why Deribit was such a coveted prize, what this deal means for the global derivatives landscape, and how Coinbase is using its position as a public company to cement its dominance.

Plus:

  • The importance of Coinbase paying mostly in stock and barely touching its cash

  • How the derivatives market dwarfs spot trading, and is only getting bigger

  • What this means for CME and smaller crypto exchanges

  • And how Base, Coinbase’s L2, fits into the long game

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

  • Guest

    • Owen Lau, Executive Director and Senior Analyst at Oppenheimer

Timestamps:

👋 0:00 Intro

📢 2:26 What this record-breaking $2.9B deal really means for crypto

🔥 4:39 Why Deribit was the most sought - after acquisition target in the space

📊 5:59 How the derivatives market became bigger than spot — and what’s next

⚔️ 10:16 What this move signals for CME and how the competitive landscape shifts

🛡️ 12:08 Will this deal make crypto safer for everyone?

💸 16:28 Why Coinbase used mostly stock and why that matters

📈 18:59 How the deal changes Coinbase’s revenue outlook going forward

🚀 22:15 Whether Coinbase is building the “WeChat of the U.S.” financial system

🔗 24:32 The role of Base in Coinbase’s future

🤝 25:48 Why M&A is heating up across crypto right now

⚖️ 27:35 How ongoing regulatory uncertainty still casts a shadow

🧠 28:12 What investors should keep in mind when evaluating the risks and rewards

📰 30:40 Crypto News Recap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

879 episodes

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