Coinbase eyes Deribit acquisition amid US crypto derivatives arms race – DL News
Coinbase is reportedly in “advanced talks” to acquire crypto derivatives exchange Deribit, according to Bloomberg sources.
The deal has the potential to supercharge its expansion into options trading and intensify its rivalry with US competitors Robinhood and Kraken
Deribit — licensed in Dubai and the largest platform globally for Bitcoin and Ether options — could be valued between $4 billion and $5 billion.
An acquisition would mark Coinbase’s most aggressive push yet into derivatives, an increasingly lucrative segment of the market.
Deribit processed nearly $1.2 trillion in volume last year, showing that there is high demand for advanced trading products like options and futures.
Coinbase has long dominated US spot markets,…
