
andrey
@andreysafonov
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500 Followers
Coinbase Eyes $4B Deal for Derivatives Leader Deribit Amid Industry Expansion
Coinbase Global Inc. is in advanced discussions to acquire Deribit, the world’s largest bitcoin and ethereum options trading platform, as the U.S. crypto exchange seeks to expand its derivatives offerings, according to a Bloomberg report citing people familiar with the matter.
According to Bloomberg reporters Ben Bartenstein, Anna Irrera, Matthew Monks, and Suvashree Ghosh, the companies have notified regulators in Dubai, where Deribit holds a license, about the potential deal, which would transfer the license to Coinbase upon completion, sources told the publication.
https://news.bitcoin.com/coinbase-eyes-4b-deal-for-derivatives-leader-deribit-amid-industry-expansion/ 0 reply
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Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status
The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar stood at 2,645 per dollar, a level last seen in late November 2024. This decline is attributed to rising imports and increased public debt, largely due to major infrastructure projects like a new port, oil pipeline, and LNG facility. Despite a projected 6% GDP growth, the currency faces short-term pressures from a widening current-account deficit and liquidity constraints. While these infrastructure investments are expected to yield long-term economic benefits, they are currently contributing to increased imports and debt, putting further strain on the shilling.
https://news.bitcoin.com/tanzanian-shillings-8-9-ytd-drop-earns-it-worlds-worst-performing-currency-status/ 0 reply
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