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Coinbase Eyes $4B Deal for Derivatives Leader Deribit Amid Industry Expansion

Coinbase Global Inc. is in advanced discussions to acquire Deribit, the world’s largest bitcoin and ethereum options trading platform, as the U.S. crypto exchange seeks to expand its derivatives offerings, according to a Bloomberg report citing people familiar with the matter.

According to Bloomberg reporters Ben Bartenstein, Anna Irrera, Matthew Monks, and Suvashree Ghosh, the companies have notified regulators in Dubai, where Deribit holds a license, about the potential deal, which would transfer the license to Coinbase upon completion, sources told the publication.

Coinbase Eyes $4B Deal for Derivatives Leader Deribit Amid Industry Expansion

Coinbase Global Inc. is in advanced discussions to acquire Deribit, the world’s largest bitcoin and ethereum options trading platform, as the U.S. crypto exchange seeks to expand its derivatives offerings, according to a Bloomberg report citing people familiar with the matter.

According to Bloomberg reporters Ben Bartenstein, Anna Irrera, Matthew Monks, and Suvashree Ghosh, the companies have notified regulators in Dubai, where Deribit holds a license, about the potential deal, which would transfer the license to Coinbase upon completion, sources told the publication.

https://news.bitcoin.com/coinbase-eyes-4b-deal-for-derivatives-leader-deribit-amid-industry-expansion/