Daniel Walker
Coinbase is in advanced negotiations to acquire Deribit, the world’s leading platform for Bitcoin and Ethereum options trading, according to a Bloomberg report citing anonymous sources. Discussions have progressed significantly, with both firms reportedly informing Dubai regulatorsโa key step, as Deribit holds a regulatory license in the region that would transfer to any acquiring company.
While news of the potential deal circulates, Coinbase has declined to confirm or deny the reports.
“We have a bold mission to expand economic freedom globally and are always evaluating opportunities to build, buy, invest, or partner in ways that accelerate our roadmap,” a Coinbase spokesperson told PRIME, emphasizing the companyโs long-term growth strategy.
Deribit Previously Explored Acquisition Opportunities
Back in January, Deribit reportedly hired a financial adviser to assess potential acquisition offers after drawing interest from multiple buyers. Although Kraken was rumored to be considering a bid, a source familiar with the matter denied that any discussions had taken place.
While it remains unclear whether Coinbase and Deribit have reached a final agreement, Bloomberg previously reported that Deribit could be valued between $4 billion and $5 billion. The outcome of the ongoing discussions could significantly impact the global crypto derivatives market, as a potential acquisition would strengthen Coinbaseโs footprint in the sector.
