Shares of Strategy, Coinbase and other stocks tied to bitcoin soared on Thursday as the price of the digital currency surpassed $100,000 for the first time since early February.

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

The Dow, S&P 500 and Nasdaq futures were all rising Thursday on trade deal hopes. Bitcoin prices are up and the U.S. dollar is higher.

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,

US cryptocurrency exchange Coinbase has agreed to buy Dubai’s Deribit for $2.9bn in the digital market’s largest ever deal as the industry prepares for an expected wave of demand from asset managers and banks.

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