Crypto-related stocks have seen big upticks this week as Bitcoin gained momentum, pushing through the psychologically important level of $100,000 for the first time in months. The cryptocurrency held on to most of its gain early Friday—and crypto stocks mostly followed.

Bitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry's history.

The American crypto exchange Coinbase has completed a purchase of Deribit, a Dutch-based trading platform for cryptocurrency derivatives, for $2.9 billion (€2.6 billion). Coinbase expects that trading in options and futures contracts for bitcoins and other digital currencies will grow significantly in the coming years.