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Acquisition of Deribit Strengthens Unified Crypto Trading Platform

The deal adds the world’s largest crypto options exchange by volume and open interest to the acquiring firm’s offerings.

Summary

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Terms & Concepts
  • Crypto options: Derivative contracts giving the right, but not the obligation, to buy or sell cryptocurrency at a set price within a specific time.
  • Open interest: The total number of outstanding derivative contracts, such as futures or options, that have not been settled.