Coinbase’s $2.9 Billion Deribit Purchase Sparks Interest In Future Acquisitions, Says CEO

By: bitcoinist|2025/05/15 16:45:04

Coinbase, the largest US-based crypto exchange, is set to join the S&P 500 index on May 19, replacing Discover Financial Services amid its merger with Capital One. Brian Armstrong has made key statements ahead of this development, hinting at plans for further acquisitions. ‘Crypto Is Here To Stay’ Brian Armstrong, Coinbase’s CEO, expressed enthusiasm about the inclusion, stating, “We’re very happy to be included in the S&P 500. It now means that crypto is here to stay.” Coinbase’s entry into the S&P 500 is particularly noteworthy as it signifies a shift in how digital assets are perceived within the financial landscape. Armstrong noted that the inclusion would likely influence retirement funds , stating that cryptocurrency could soon be part of everyone’s 401(k) plans. This is crucial because many retirement accounts track the S&P 500, meaning that millions of Americans may indirectly invest in Coinbase through their retirement savings. Analysts predict that this inclusion could lead to substantial capital inflows, with Bernstein estimating up to $16 billion in new investments driven largely by passive index funds. Oppenheimer has also raised its price target for COIN from $269 to $293, reflecting growing optimism about the company’s future. Coinbase Actively Pursuing M&A Opportunities Following its recent $2.9 billion acquisition of Deribit, a leading crypto derivatives exchange, Armstrong indicated that Coinbase is actively exploring further mergers and acquisitions. “We are always looking at M&A opportunities,” he stated during an interview on Bloomberg Television. This strategy aligns with Coinbase’s goal of expanding its market presence and enhancing its service offerings in the rapidly evolving crypto landscape. Deribit, known for its dominance in bitcoin options trading, will bolster Coinbase’s position as a leader in crypto derivatives. This acquisition is the largest in the industry to date and is expected to close by the end of the year, further solidifying Coinbase’s international reach. The firm has shown solid growth since going public in 2021, driven by the increasing value of cryptocurrencies and regulatory approvals for major institutions to launch spot Bitcoin exchange-traded funds (ETFs). In its latest earnings report, the company exceeded earnings expectations with a reported earnings per share of $1.94, reflecting a 7.6% increase year-over-year. However, revenue growth of 24% to $2 billion fell slightly short of analyst forecasts. Despite these mixed results, Coinbase’s strategic initiatives and market positioning suggest a promising outlook. On Wednesday, the exchange’s stock closed at $263.41, up nearly 7% over the previous 24 hours. The recent Deribit deal has sparked notable momentum for the stock, which has risen from a yearly low of $143 reached last April. Featured image from DALL-E, chart from TradingView.com

Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!

WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!

Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:

Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.

Join WEEX AI Wars II now to sound the charge!

Season 1 Triumph: Proven Global Dominance

WEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.

Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.

On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.

For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.

Season 2 Arsenal: Equip the Frontlines and Command Victory

By enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.

Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.

By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.

Grab Your Second Chance: Join WEEX AI Wars II Today

The second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.

We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

Instagram: @WEEX Exchange

Tiktok: @weex_global

Youtube: @WEEX_Official

Discord: WEEX Community

Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

Tech Stocks are a Minefield

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

What can achieve an AI shopping closed loop is platforms that already have a complete ecosystem, not AI companies that have to build everything from scratch.

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Ethereum Foundation sets a strong tone: L1 solidifies security and settlement base, L2 focuses on differentiated innovation, working together to break through fragmentation and build the strongest ecosystem.

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

Overview of Important Market Events on March 26

The most important thing in Web3 primary market investment

There is no perfect model, only builders who are respectful and responsible towards the market.

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...

Musk Poached Aave App's Web3 Prodigy

Aesthetic is a gift.

The Petro Order is Cracking. What Comes Next for the Middle East?

Ground War Begins, or Deterrence Takes Hold

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

The market is entering a crucial phase of equilibrium.

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector

What will the early Hyperliquid prediction market look like?

Unleash the Imagination Space of On-chain Finance

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess

WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle