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Synthetix Considers Purchase of Options Platform Derive in $27M Token-Swap Deal

If approved, the uncommon token swap deal would reunite two previously split protocols as Synthetix expands its derivatives suite.

Updated May 14, 2025, 2:10 p.m. Published May 14, 2025, 8:36 a.m.
Two men shake hands, only their arms and hands are visible.
Any deal between Synthetix and Derive still has to be approved by both sides. (Sfio Cracho/Shutterstock)