Coinbase in Talks to Buy Leading Crypto Derivatives Platform
Coinbase is reportedly in deep discussions to acquire Deribit,a top crypto derivatives exchange. Deribit specializes in Bitcoin and Ether options, as per Bloomberg. The talks are at an advanced stage, and both companies have informed Dubai regulators about the negotiations.
Deribit is a major player in the crypto options market. It was valued between $4 billion and $5 billion earlier this year. The platform handled nearly $1.2 trillion in trading volume in 2024, doubling its previous year’s activity. This move could boost Coinbase’s presence in the derivatives market.
Deribit’s dominance in the crypto options sector.
deribit’s massive trading volume and market value make it an attractive target. Coinbase, primarily a spot trading platform, aims to expand into derivatives. This acquisition aligns with its strategy to grow in the derivatives space. Coinbase has already launched derivatives trading for U.S. retail users and secured a license for crypto futures.
Earlier, Kraken was also rumored to be interested in deribit. The derivatives market is now a significant part of crypto trading. acquiring Deribit could give Coinbase a competitive edge. Though, it’s uncertain if the deal will go through, despite the advanced talks.
- Deribit’s trading volume reached nearly $1.2 trillion in 2024.
- Deribit is valued between $4 billion and $5 billion.
- Deribit is licensed in Dubai and specializes in Bitcoin and Ether options.
For more details, check Bloomberg for updates on the negotiations.
