Coinbase Aims to Buy Largest Crypto Derivatives Platform Deribit ⋆ ZyCrypto
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According to anonymous sources, Coinbase intends to buy Dubai-based derivatives platform Deribit. This has prompted Coinbase to discuss the possible takeover with regulators. Coinbase currently runs a Bermuda-based derivatives platform, launched in 2023, but it still operates predominantly as an exchange. Coinbase’s customers mainly use the exchange for spot trading but have started to branch out to other services.
Deribit holds an operational license in Dubai, so Coinbase has to seek out regulators in the country before initiating takeover procedures. The anonymous sources who broke the story are working with Bloomberg News. The anonymous sources may be Coinbase employees or…
