According to Bloomberg’s March 21 report, the coinbase is in advanced talks to buy a cryptocurrency derivative exchange, deribit.
Acquisition of Deribit – Bitcoin (BTC) and Ether (Eth) the world’s largest site for trade – will bolt the current derivative platform of the coinbase, which currently focuses on promise.
The Coinbase and Deribit have allegedly alerted regulators in Dubai for deal talks. Derbit holds a license in Dubai, which will need to be transferred to the coinbase if a deal passes, According For Bloomberg, which cited anonymous sources.
In January, Bloomberg reported that a deal with the coinbase could give the deribbit between $ 4 billion and $ 5 billion.
Deribit lists options, futures and spot cryptocurrency. Bloomberg said its total trading volume last year was around $ 1.2 trillion.
On 20 March, a rival Crypto Exchange, Crackon announced a plan to acquire a derivative trading platform ninjatrader for about $ 1.5 billion.
Deribit is a popular crypto derivative exchange. Source: Deribit
Connected: Crackon to acquire Ninjatrad for $ 1.5B to offer crypto futures
Red market market
Cryptocurrency derivatives, such as futures options, are increasing popularity in the US.
Futures are standardized contracts that allow traders to buy or sell property on the future date, often with leviation. Options are providing the right to buy or sell contracts – “call” or “put”, in trader parlance – a underlying property at a certain price.
Both types of financial derivatives and speculation are popular among both retail and institutional investors.
In December, the Coinbase stated that derivative trading volume increased by about 10,950% in 2024.
The Coinbase listed the derivatives tied to some 92 different assets on its international exchange and a small number in the US, According For its 2024 annual report.
In January, Robinhood rolled out the cryptocurrency futures as the popular online brokerage re -created its efforts to compete with the coinbase.
In February, the world’s largest derivative exchange CME Group stated that it saw an average daily trading volume of about $ 10 billion for Crypto derivatives in the fourth quarter of 2024 – an increase of more than 300% before the year.
The Coinbase launched the US ‘First Commodity Futures Trading Commission-Regulated Solan (Sol) Futures in February. CME launched its Sol Futures Contract next month.
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