<ul><li>Coinbase Global Inc. is in talks to buy cryptocurrency derivatives startup Deribit, a deal that could mark one of the largest-ever acquisitions in the crypto industry. Deribit is expected to be valued between $4 billion and $5 billion.</li><li>Coinbase operates the largest cryptocurrency exchange in the U.S. and offers various products for consumers, including a digital wallet and a crypto rewards program. The potential acquisition of Deribit would significantly expand Coinbase's trading of crypto derivatives.</li><li>Deribit, founded in the Netherlands, focuses on trading crypto derivatives, with a particular emphasis on options. It processes more Bitcoin and Ether options transactions than any other crypto exchange.</li><li>While the acquisition discussions are in an advanced stage, there is no certainty that the sale will materialize.</li></ul>

Coinbase could reportedly acquire crypto derivatives market Deribit for $5B

Discover more