Coinbase in Advanced Talks to Acquire Deribit for Up to $5 Billion
Coinbase is in advanced talks to acquire Deribit, a global crypto derivatives exchange, according to Bloomberg.
Key points:
- The acquisition discussions have been disclosed to Dubai regulators, where Deribit is licensed.
- Deribit's valuation is estimated between $4 billion and $5 billion.
- In 2024, Deribit projects trading volume to reach nearly $1.2 trillion, nearly double from the previous year.
- This acquisition would enable Coinbase to expand into the profitable crypto derivatives market.