Coinbase Global is reportedly in advanced negotiations to acquire Deribit, a derivatives startup based in the Netherlands.
Deribit is known for its platform for trading cryptocurrency options and futures contracts, with significant trading volumes.
If the deal is finalized, it could become one of the largest acquisitions in the cryptocurrency industry, valuing Deribit between $4 billion and $5 billion.
The potential acquisition aligns with Coinbase's strategy to expand its product offerings and strengthen its position in the evolving crypto landscape.