According to Bloomberg’s March 21 report, Coinbase is in a high -end conversation to purchase Deribit, a Cryptocurrency derivative exchange.
By acquiring Deribit, the world’s largest place in the world, BTC (Bitcoin) and ETHER (ETHER) options will strengthen the existing derivatives platform of Coinbase, which is currently focused on the future.
Coinbase and Deribit are known to have warned Dubai regulators in trading dialogue. Deribit has a license in Dubai, which requires you to move to Coinbase when the transaction progresses, according to Bloomberg, which quotes a source without a name.
In January, Bloomberg reported that the deal with Coinbase could be valuable between $ 4 billion and $ 5 billion.
Deribit lists options, gifts and spots. Bloomberg said last year’s total trading volume was about $ 1 trillion.
On March 20, Kraken, a rivalry encryption exchange, announced plans to acquire derivatives trading platform ninja traders for $ 1.5 billion.
Deribit is a popular encryption derivative exchange. Source: Deribit
relevant: Kraken acquires a ninja trader for $ 1.5B to provide us with encryption gifts.
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Cryptocurrency derivatives, such as the future, are increasing in popularity in the United States.
The gift is a standardized contract, and the trader can often buy or sell assets in the future with leverage. The option is a contract that grants or sells or sells the merchant council. Merchants’ Council “Tel” or “Foot” -Dasic Assets of Certain Prices.
Two types of financial derivatives are popular in hemp and speculation for both retail and institutional investors.
Coinbase said in December, in 2024, the derivatives trading volume increased by about 10,950%, Coinbase said.
According to the 2024 annual report, Coinbase lists about 92 other assets and fewer derivatives of international exchange.
In January, ROBINHOOD launched a Cryptocurrency gift as a popular online broker reopened efforts to compete with Coinbase.
In February, CME Group, the world’s largest derivatives exchange, said in the fourth quarter of 2024, the average daily trading volume of encryption derivatives reached an average of $ 1 billion, an average of $ 10 billion.
Coinbase started the US first product futures trading committee regulatory solana (SOL) gift in February. CME started its own SOL futures contract next month.
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