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Coinbase Eyes Derivatives Market with Potential Deribit Acquisition
Summary: Cryptocurrency exchange giant Coinbase is reportedly in advanced discussions to acquire Deribit, a leading platform for crypto derivatives trading, Bloomberg reports. Sources familiar with the matter indicate that both companies have informed Dubai regulators about the ongoing negotiations, as Deribit holds a license in the emirate. Deribit currently stands as the world's largest platform for ...
Cryptocurrency exchange giant Coinbase is reportedly in advanced discussions to acquire Deribit, a leading platform for crypto derivatives trading, Bloomberg reports. Sources familiar with the matter indicate that both companies have informed Dubai regulators about the ongoing negotiations, as Deribit holds a license in the emirate.
Deribit currently stands as the world's largest platform for Bitcoin and Ethereum options trading, according to data from Kaiko, while Coinbase is the largest crypto exchange in the United States.
The potential acquisition would significantly expand Coinbase's offerings into the derivatives market. However, sources caution that a final agreement has not yet been reached, and the talks could still fall through. A previous Bloomberg report in January suggested Deribit could be valued between $4 billion and $5 billion.
Tags: Coinbase,Deribit
Link: Coinbase Eyes Derivatives Market with Potential Deribit Acquisition [Copy]
