The price of Bitcoin neared $100,000 for the first time in months today as crypto investors grew optimistic about trade news.

Bitcoin climbed past $100,000 for the first time since early February on Thursday, boosted by trade developments and rising risk appetite among investors.

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,

Coinbase Global Inc. agreed to acquire 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.

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