Coinbase in talks to buy derivatives exchange Deribit: Report

Coinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg. Acquiring Deribit — the world’s largest venue for trading Bitcoin (BTC) and Ether (ETH) options — would bolster Coinbase’s existing derivatives platform, which currently focuses on futures.  Coinbase and Deribit have reportedly alerted regulators in Dubai to the deal talks. Deribit holds a license in Dubai, which would need to be transferred to Coinbase if a deal goes through, according to Bloomberg, which cited unnamed sources source: https://cointelegraph.com/news/coinbase-talks-to-buy-derivatives-exchange-deribit-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound