Coinbase, the largest cryptocurrency exchange in the US, is in advanced talks to acquire Deribit, a leading platform for bitcoin and ether options trading.
Negotiations Between Coinbase and Deribit
According to Bloomberg, which cites anonymous sources, Coinbase and Deribit have informed Dubai regulators of their talks, as Deribit holds a license there. This means any new owner would have to take over this license.
Interest from Other Crypto Exchanges
In January, Deribit hired a financial adviser to explore potential opportunities, attracting interest from potential buyers. Reports suggested that another crypto exchange, Kraken, might also be interested in acquiring Deribit, but Kraken has not engaged in any purchase discussions.
Current Situation and Potential Value
Bloomberg reports that there is no final agreement between Coinbase and Deribit yet. The potential value of Deribit has been estimated to be between $4 billion and $5 billion.
As of now, negotiations between Coinbase and Deribit are ongoing, with no definitive agreement yet reached.
