Sources: Coinbase is in advanced talks to buy Deribit, the largest bitcoin and ether options trading platform, which was reportedly valued at $4B-$5B in January
and likely won't allow us to keep trading there. 😬😓 More than 70% of the total BTC options volume is traded on Deribit. [image] @tyler_did_it : Major acquisitions happening in the CEX space First Kraken. Now Coinbase. @cryptoparadyme : This would be a W for the domestic perps and options enjoyers. Christiaan / @christiaandefi : #Coinbase eyes Deribit in a potential $5 billion blockbuster deal to dominate the #crypto options market and reshape global trading. Yano / @jasonyanowitz : Massive. Deribit controls +80% of the options market. I'd expect this to be the largest acquisition in crypto history. [image] Wu Blockchain / @wublockchain : Coinbase is in acquisition talks with crypto derivatives exchange Deribit and has notified regulators in Dubai, where Deribit holds a license that would transfer to the buyer. Earlier this week, Kraken announced a $1.5 billion acquisition of retail futures platform NinjaTrader. @riddle245 : Between Kraken acquiring Ninja Trader which is a futures trading platform for 1.5B and Coinbase potentially about to acquire Deribit for 5-6B which does options would be quite some big moves [image] Zach Humphries / @z_humphries : Anyone else notice how Coinbase is quietly becoming a crypto empire? They're about to buy Deribit - one of the biggest crypto derivatives exchanges out there. I remember when CB was just a basic exchange where I bought my first Bitcoin in 2017. Now they're turning into a [image] Yano / @jasonyanowitz : Last numbers I saw for Deribit were from 2023: Roughly $85m profit and $120m revenue