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

Odaily News Bernstein analysts said that as the exchange and broker/dealer models begin to merge, the crypto industry is moving towards a more integrated "one-stop" multi-asset investment platform, such as Coinbase is in advanced negotiations to acquire Deribit, Kraken is about to acquire NinjaTrader, and Robinhood is integrating Bitstamp.
Analysts said that Deribit's BTC and ETH options market has a monthly trading volume of more than $100 billion, accounting for about 70% of the market share, and the monthly trading volume of cryptocurrency futures is about $45 billion. Coinbase's acquisition of Deribit will enable it to expand into the field of derivatives, especially options, and will compete with Binance in the international crypto derivatives market. (The Block)