Coinbase in ‘advanced’ talks to acquire Deribit: report

Coinbase would be in advanced discussions to acquire Deribit, a main exchange of cryptographic derivatives specialized in bitcoin and ether options, according to Bloomberg.

Companies inform regulators in Dubai – where Derivatives is authorized – on current negotiations, although no final agreement has been confirmed.

Denibit is the dominant player On the crypto options market and was valued between $ 4 billion and $ 5 billion earlier this year. The platform experienced nearly $ 1.2 billion in a negotiation volume in 2024, double its activity compared to the previous year.

Coinbase, mainly known for its cash trading activities, would considerably strengthen its point in the space of derivatives with this acquisition, aligning its broader expansion strategy.

Kraken and DRIBUT

Potential acquisition follows Previous reports That Kraken had also explored an endorsement. Coinbase has focused more and more on the growth of its derivative offers, having already launched negotiated derivatives for American retail users and obtained a license to offer cryptographic future.

With the derivative market which now explains an important part of crypto trading volumes, securing a platform as a deribit could give Jamming A strong competitive advantage in the sector.

Although the negotiations have reached an advanced stadium, Bloomberg said that the two companies will finalize an agreement.