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Crypto News • May 14, 2025

Synthetix wants to acquire Derive through a $27m token swap

Synthetix aims to expand its platform by exchanging 29.3 million SNX tokens, worth around $27 million, to acquire the options protocol Derive under a structured lock-up and vesting...

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Cointelegraph • May 14, 2025

Synthetix makes $27M bid to re-acquire crypto options platform Derive

Synthetix’s proposed acquisition of Derive in an all-token exchange values the platform near $27 million, potentially expanding its crypto derivatives offerings and strengthening i...

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The Block • May 14, 2025

Synthetix proposes $27 million token swap to acquire options protocol Derive

Synthetix plans a $27 million token exchange to incorporate Derive's financial instruments, enhancing its platform with options, perpetuals, and structured products to expand its o...

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