Coinbase in advanced talks to acquire crypto exchange Deribit

Odaily News Coinbase is in advanced talks to acquire derivatives crypto trading platform Deribit. Some people familiar with the matter said the two sides have informed Dubai regulators of the negotiations because Deribit holds relevant licenses in Dubai. It is not clear whether Coinbase has reached a final agreement with Deribit. Bloomberg reported in January that Deribit could be valued at between $4 billion and $5 billion. The talks may not result in a deal. The people familiar with the matter requested anonymity because the talks were confidential.