Reported about 12 hours ago
Coinbase Global Inc. is in advanced talks to acquire Deribit, the largest Bitcoin and Ether options exchange. This move comes as Coinbase aims to strengthen its position in the lucrative crypto derivatives market, with the potential acquisition valued between $4 billion and $5 billion. The discussions have been communicated to regulators in Dubai, where Deribit holds a license. A successful acquisition would mark a significant milestone for Coinbase in expanding its offerings in the crypto trading space.
Source: YAHOO