Coinbase Buys Deribit for $2.9B—Crypto Titans or Just Billionaire Bingo?
The hard-faced men at Coinbase call it a “milestone transaction”—how poetic! Deribit, they say, commands a kingdom of $30 billion open interest—an empire measured not in wheat or bread, but in numbers, hope, and a collective yearning to get rich or go broke overnight. Only in our times does power hinge upon zeros and ones, instead of muscle and sweat.