Bloomberg: Coinbase is in deep negotiations to acquire the derivatives trading platform Deribit

According to ChainCatcher news, Bloomberg reports citing informed sources that Coinbase is in advanced negotiations to acquire the cryptocurrency derivatives trading platform Deribit. The sources indicated that both companies have informed the regulatory authorities in Dubai about the discussions, as Deribit holds a license in Dubai, and any acquirer would take over that license.

It is reported that in January this year, after attracting the attention of potential acquirers, Deribit hired a financial advisor to "review opportunities." It remains unclear whether Coinbase has reached any final agreement with Deribit. Bloomberg reported in January that Deribit's valuation could be between $4 billion and $5 billion.