Coinbase, the biggest crypto exchange in the US, is reportedly having acquisition talks with derivatives platform Deribit.
Citing people familiar with the matter, Bloomberg reports that Coinbase is in advanced discussions with Deribit to acquire the firm.
Deribit is currently the largest centralized trading platform for Bitcoin (BTC) and Ethereum (ETH) options contracts by volume.
Both companies have notified regulators in Dubai where Deribit holds a license. The license would be taken over by whichever company acquires the trading platform.
Financial details of the deal – which may not go through – haven’t been determined, but Bloomberg reported earlier this year that Deribit could be valued between $4 and $5 billion.
Both companies declined to comment, and Bloomberg’s sources asked not to be identified due to the confidential nature of the discussions.
In a similar move, Kraken, the second-largest crypto…
