Coinbase reportedly in advanced talks to acquire crypto derivatives exchange Deribit
Coinbase is in advanced negotiations to acquire the crypto derivatives platform Deribit, Bloomberg News reported on March 21, citing people familiar with the matter.
The parties have reportedly notified Dubai regulators about the ongoing discussions since Deribit holds a license in the jurisdiction that would transfer to any acquiring entity.
Sources told the newswire that the talks are at an advanced stage, but it’s unclear if the discussions will result in a finalized agreement.
Coinbase and Deribit declined to comment on the matter.
According to Kaiko data, Deribit is currently the world’s largest options exchange for Bitcoin (BTC) and Ethereum (ETH), while Coinbase remains the top US-based crypto trading platform by volume.
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