Cryptocurrencies
Coinbase Is in Advanced Talks to Buy Derivatives Venue Deribit
A deal for Deribit would mark one of the most-significant acquisitions in the industry’s history.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Coinbase Global Inc. is in advanced discussions to acquire crypto derivatives exchange Deribit, the world’s largest trading platform for Bitcoin and Ether options, according to people with knowledge of the matter.
The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer, some of the people said. Coinbase is the biggest US-based crypto exchange, according to data platform Kaiko.