Coinbase could reportedly acquire crypto derivatives market Deribit for $5B
Coinbase Global Inc. is in talks to buy cryptocurrency derivatives startup Deribit, Bloomberg reported today.
It’s believed the deal could mark one of the crypto industry’s largest-ever acquisitions if it goes through. Rumors that Deribit may be sold first emerged in January. At the time, sources told Bloomberg that the company could be valued at between $4 billion and $5 billion.
Publicly-traded Coinbase operates the largest cryptocurrency exchange in the U.S. Users can buy and sell hundreds of thousands of virtual assets, as well as manage them with a digital wallet provided by the company. Coinbase also offers other products for consumers, including a debit card with a crypto rewards program.
For financial institutions,…
