Coinbase is in advanced negotiations to acquire the derival from the platform derived from crypto, reported Bloomberg News on March 21, citing people familiar with the issue.
The parties would have informed Dubai regulators of the current discussions, because Deribit holds a license in the court which would be transferred to any buying entity.
Sources have told the Newswire that the talks were at an advanced stage, but it is not clear if the discussions will result in a finalized agreement.
Coinbase and Deribit refused to comment on the issue.
According to Kaiko Data, Deribit is currently the largest exchange of options in the world for Bitcoin (BTC) and Ethereum (ETH), while Coinbase remains the main crypto trading platform based in the United States in volume.
A previous Bloomberg report noted that the discomfort was evaluated between $ 4 and $ 5 billion in January, while Coinbase corporate value exceeded $ 43 billion, according to Yahoo Finance data.
In particular, the reports reported follow Acquisition of Ninjatrader For $ 1.5 billion.
Strategic expansion in derivatives
The derivative market is an important avenue in crypto, as traders use it to cover risks and take advantage of their exposure to assets.
At the time of the press, the BTC daily trading volume was almost $ 3 billion. Meanwhile, its derived daily trading volume is close to $ 70 billion per Coiglass datamore than 23 times the amount of the point.
Deribit is a key player in this market, dealing with nearly $ 1.2 billion in the negotiation volume last year between options, term contracts and cash markets.
The agreement would correctly position Coinbase in the space of cryptographic derivatives. Despite the exchange which launched a place of derivatives based in Bermuda in 2023, its operations were mainly concentrated on the cash trading markets, especially in the United States.
Favorable regulatory winds
Recently, venture capital partners highlighted During the innovative TIE conference, that mergers and crypto acquisitions would accelerate the pace in 2025.
The landscape of changing regulatory cryptography in the United States, which changed considerably since President Donald Trump returned to the White House for a second term, stimulates this movement.
Notable differences are the American Securities and Exchange (SEC) commission ending 12 investigations and prosecution against cryptographic companies on March 21, the abolition of the Tornado Cash from the list of American sanctionsefforts to stop the unit of cryptographic companies and clarity on the mining activities of proof of work exempt from securities law.
Mentioned in this article
