Mixing Coinbase's crypto credentials with PayPal's huge payment network could mean more crypto adoption. PayPal USD lags behind other stablecoins, but it has big plans. Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.

Coinbase, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets. The move underscores a push by crypto firms to widen their institutional investor base,

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