Coinbase is in advanced negotiations to acquire the Crypto Derivatives Platform Deribit, Bloomberg News reported on March 21, citing people familiar with the issue.
As DERIBIT holds the license in the jurisdiction that it transfers to any acquisition entity, the parties reportedly notified the Dubai regulator of the ongoing discussion.
Sources told Newswire that the talks are in the advanced stages, but it is unclear whether the discussion will result in a final contract.
Coinbase and Deribit declined to comment on the issue.
According to Kaiko data, Deribit is currently the world’s largest option exchange between Bitcoin (BTC) and Ethereum (ETH), and Coinbase remains the US-based Crypto trading platform by volume.
According to Yahoo Finance, previous Bloomberg reports noted that Deribit was valued at $4-$5 billion in January, with Coinbase’s corporate value above $43 billion. data.
In particular, the reported talk continues to Kraken employees. Ninjatrader acquisition $1.5 billion.
Strategic expansion into derivatives
The derivatives market is a key path in crypto as traders use it to hedge risk and harness exposure to assets.
At the time of reporting, BTC’s spot daily trading volume was nearly $3 billion. Meanwhile, the daily trading volume of the derivative is nearly $70 billion per Coinglass. datamore than 23 times the spot amount.
Deribit is a key player in this market, processing nearly $1.2 trillion in trading volumes last year in options, futures and spot markets.
This agreement properly places Coinbase in the crypto differentiation space. Despite the exchange that launched its Bermuda-based derivatives venue in 2023, its operations are primarily focused on the spot trading market in the US.
Preferred regulatory wind
Recently, venture capital partners Highlighted TIE’s InnovateNver meeting, which will merge and acquire with Crypto, will be able to speed up the pace in 2025.
The landscape of US regulatory code changes that have changed dramatically since President Donald Trump returned to the White House in his second term, has fueled the movement.
A notable difference is the US Securities and Exchange Commission (SEC), which will end 12 investigations and litigation against crypto companies as of March 21, tornado cash removal From the US sanctions listefforts to stop crypto companies from leaving their business, and clarity about work proof mining activities. Exemption from the Securities Act.
