Coinbase Nears Acquisition of Deribit

Coinbase in Advanced Talks to Acquire Derivatives Platform Deribit

• Coinbase, the largest US crypto exchange, is in advanced acquisition talks with Deribit.
• Deribit is the leading platform for Bitcoin and Ethereum options contracts by volume.
• The acquisition would involve transferring Deribit’s Dubai license to Coinbase.
• Deribit’s valuation is estimated between $4 and $5 billion.
• Both companies have declined to comment on the ongoing discussions.

Coinbase is reportedly negotiating to acquire Deribit, a major derivatives platform. The deal could value Deribit at up to $5 billion, with regulatory notifications already made in Dubai.