Coinbase in talks to buy derivatives exchange Deribit: Report
The post Coinbase in talks to buy derivatives exchange Deribit: Report appeared on BitcoinEthereumNews.com.
Coinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg. Acquiring Deribit — the world’s largest venue for trading Bitcoin (BTC) and Ether (ETH) options — would bolster Coinbase’s existing derivatives platform, which currently focuses on futures. Coinbase and Deribit have reportedly alerted regulators in Dubai to the deal talks. Deribit holds a license in Dubai, which would need to be transferred to Coinbase if a deal goes through, according to Bloomberg, which cited unnamed sources. In January, Bloomberg reported that a deal with Coinbase could value Deribit at between $4 billion and $5 billion. Deribit lists options, futures and spot cryptocurrencies. Its total trading volumes last year were around $1.2 trillion, Bloomberg said. On March 20, Kraken, a rival crypto exchange, announced plans to acquire derivatives trading platform NinjaTrader for around $1.5 billion. Deribit is a popular crypto derivatives exchange. Source: Deribit Related: Kraken to acquire NinjaTrader for $1.5B to offer US crypto futures Red-hot market Cryptocurrency derivatives, such as futures and options, are surging in popularity in the US. Futures are standardized contracts allowing traders to buy or sell assets at a future date, often with leverage. Options are contracts granting the right to buy or sell — “call” or “put,” in trader parlance — an underlying asset at a certain price. Both types of financial derivatives are popular among both retail and institutional investors for hedging and speculation. In December, Coinbase said derivatives trading volumes soared roughly 10,950% in 2024, Coinbase said. Coinbase lists derivatives tied to some 92 different assets on its international exchange and a smaller number in the US, according to its 2024 annual report. In January, Robinhood rolled out cryptocurrency futures as the popular online brokerage redoubled its efforts to compete with Coinbase. …
Filed under: News - @ March 22, 2025 1:27 pm