Coinbase is currently in deep discussions regarding the acquisition of the derivatives trading platform Deribit.

BlockBeats News, March 22nd, according to Bloomberg, Coinbase is in deep discussions regarding the acquisition of the derivative cryptocurrency exchange Deribit. Some sources familiar with the matter stated that both parties have informed the Dubai regulatory authorities about the negotiations as Deribit holds relevant licenses in Dubai. According to the data platform Kaiko, Deribit is the world's largest Bitcoin and Ethereum options trading platform, while Coinbase is the largest cryptocurrency exchange in the United States.

It is currently unclear whether Coinbase has reached a final agreement with Deribit. Bloomberg reported in January that Deribit's valuation could be between 4 to 5 billion US dollars. This negotiation may not result in a deal. Sources requested anonymity because they are discussing confidential negotiations.