Coinbase in Advanced Talks to Acquire Deribit for $4-$5 Billion, Dominating 80% of Options Market

Coinbase is reportedly in advanced negotiations to acquire Deribit, the largest Bitcoin and Ether options exchange, in a deal valued between $4 billion and $5 billion. This acquisition, if finalized, would significantly enhance Coinbase's derivatives platform, pending regulatory approval in Dubai. Deribit currently controls 80% of the options market, making it a key player in the cryptocurrency derivatives space. The talks are at an advanced stage, and the acquisition would mark one of the largest in the cryptocurrency sector to date. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Coinbase in Advanced Talks to Acquire Deribit for $4-$5 Billion, Dominating 80% of Options Market

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