Crypto exchange Coinbase is reportedly in advanced discussions to acquire Deribit, a leading global platform for cryptocurrency derivatives. The deal could have a major impact on both companies and the broader crypto market.
Coinbase and Deribit Move Toward Acquisition Agreement
According to multiple sources familiar with the matter, Coinbase is nearing an agreement to acquire Deribit, the world’s largest trading platform for Bitcoin and Ether options. The companies have reported the said negotiations to the regulators of Dubai in which Deribit operates as a licensed company.
This would enable Coinbase to enter into the crypto derivatives market, a segment that has experienced significant growth in the past few years.
Established in 2016, Deribit has been actively operating in the sphere of crypto derivatives. Being a derivative exchange, it provides options on Bitcoin and Ether, futures contracts, and spot market. According to the Bloomberg reports it was estimated to be valued in
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