The company​ agreed to acquire Deribit, a push into the highly profitable crypto derivatives market and a move meant to bolster its global growth.

Coinbase Global Inc. said it is acquiring Deribit, the world’s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives market.

Coinbase acquires Deribit for $2.9B, marking a major move into crypto derivatives with plans to expand options and futures trading.