Bernstein: The cryptocurrency industry is moving towards a "one-stop" multi-asset investment platform, and major exchanges are experiencing a wave of mergers and acquisitions

2025-03-24 21:30:52

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ChainCatcher news, Bernstein analysts stated that as exchanges and broker/dealer models begin to merge, the crypto industry is moving towards a more integrated "one-stop" multi-asset investment platform. For example, Coinbase is in deep negotiations to acquire Deribit, Kraken is about to acquire NinjaTrader, and Robinhood is integrating Bitstamp.

Analysts noted that Deribit's BTC and ETH options market has a monthly trading volume exceeding $10 billion, accounting for about 70% of the market share, while the monthly trading volume of cryptocurrency futures is around $4.5 billion. The acquisition of Deribit by Coinbase will enable it to expand into the derivatives space, particularly in options, and will compete with Binance in the international crypto derivatives market.

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