{"id":125578,"date":"2025-03-21T20:15:58","date_gmt":"2025-03-21T20:15:58","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125578"},"modified":"2025-03-21T20:15:58","modified_gmt":"2025-03-21T20:15:58","slug":"coinbase-in-talks-to-buy-derivatives-exchange-deribit-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125578","title":{"rendered":"Coinbase in talks to buy derivatives exchange Deribit: Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCoinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg.<br \/>\nAcquiring Deribit \u2014 the world\u2019s largest venue for trading Bitcoin (BTC) and Ether (ETH) options \u2014 would bolster Coinbase\u2019s existing derivatives platform, which currently focuses on futures.\u00a0<br \/>\nCoinbase 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.\u00a0<br \/>\nIn January, Bloomberg reported that a deal with Coinbase could value Deribit at between $4 billion and $5 billion.\u00a0<br \/>\nDeribit lists options, futures and spot cryptocurrencies. Its total trading volumes last year were around $1.2 trillion, Bloomberg said.\u00a0<br \/>\nOn March 20, Kraken, a rival crypto exchange, announced plans to acquire derivatives trading platform NinjaTrader for around $1.5 billion.<br \/>\nDeribit is a popular crypto derivatives exchange. Source: DeribitRelated: Kraken to acquire NinjaTrader for $1.5B to offer US crypto futures<br \/>\nRed-hot market<br \/>\nCryptocurrency derivatives, such as futures are options, are surging in popularity in the US.<br \/>\nFutures are standardized contracts allowing traders to buy or sell assets at a future date, often with leverage. Options are contracts granting the right to buy or sell \u2014 \u201ccall\u201d or \u201cput,\u201d in trader parlance \u2014 an underlying asset at a certain price.<br \/>\nBoth types of financial derivatives are popular among both retail and institutional investors for hedging and speculation.\u00a0<br \/>\nIn December, Coinbase said derivatives trading volumes soared roughly 10,950% in 2024, Coinbase said.\u00a0<br \/>\nCoinbase lists derivatives tied to some 92 different assets on its international exchange and a smaller number in the US, according to its 2024 annual report.<br \/>\nIn January, Robinhood rolled out cryptocurrency futures as the popular online brokerage redoubled its efforts to compete with Coinbase.\u00a0<br \/>\nIn February, CME Group, the world\u2019s largest derivatives exchange, said it clocked an average daily trading volume of approximately $10 billion for crypto derivatives in the fourth quarter of 2024 \u2014 a more than 300% increase from the year prior.\u00a0<br \/>\nCoinbase launched the US\u2019 first Commodity Futures Trading Commission-regulated Solana (SOL) futures in February. CME launched its own SOL futures contracts the following month.<br \/>\nMagazine: 5 real use cases for useless memecoins<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-talks-to-buy-derivatives-exchange-deribit-report?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCoinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg. Acquiring Deribit \u2014 the world\u2019s largest venue for&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125578"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125578"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125578\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125578"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}