Odaily News Coinbase is in advanced talks with Deribit, the world’s leading crypto derivatives exchange that was valued at between $4 billion and $5 billion earlier this year, and has informed Dubai regulators.
If the acquisition is completed, Coinbase will make a big move into the lucrative crypto derivatives market. In 2024, Deribit's trading volume was close to $1.2 trillion, almost double the previous year. Earlier this week, Kraken also acquired Ninja Trader for $1.5 billion to strengthen its derivatives business. (CoinDesk)