Coinbase is looking to buy Deribit and the talks have reached an advanced stage, according to Bloomberg.
"The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer," Bloomberg said, citing anonymous sources. "Deribit is the world’s largest trading platform for bitcoin and ether options, while Coinbase is the biggest U.S.-based crypto exchange, according to data platform Kaiko."
In January, Deribit obtained a financial adviser to "review opportunities" after attracting attention from possible acquirers, Bloomberg reported, again citing people familiar with the matter.
Bloomberg's report went on to say that it isn't "clear whether Coinbase has reached any final agreement with Deribit," which the news outlet "reported in January could be valued" between $4 billion and $5 billion."
