Coinbase is in advanced negotiations to acquire Deribit, a leading cryptocurrency options trading platform, in a deal that could bolster Coinbase's presence in the derivatives market.
According to Bloomberg, Deribit is valued at between $4 and $5 billion, and Dubai regulators have been notified of these discussions due to its transferable license.
While no final agreement has been reached, this move underscores Coinbase's focus on expanding its derivatives offerings, a space where Deribit is a major player amid growing interest from institutional investors.
Coinbase is also strengthening its regulatory strategy, having filed an application with the U.S. Commodity Futures Trading Commission (CFTC) for approval of new futures contracts, including Cardano (ADA) and natural gas futures contracts, in an unprecedented move toward diversifying its trading assets.
As the largest cryptocurrency exchange, Coinbase also plans to launch 24/7 perpetual futures contracts for Bitcoin and Ethereum in the United States, in line with global standards.
With derivatives dominating 75% of global trading, Coinbase seeks to capture a larger share of this market while maintaining regulatory compliance.
