Coinbase is conducting advanced talks about Buy Deribit, an exchange of cryptocurrency derivative instruments, in accordance with the Bloomberg report of March 21.
Acquiring Deribit – the world’s largest Bitcoin (BTC) and Ether (Ether (ETH) – would strengthen the existing Coinbase derivative platform, which is currently focusing on the future.
Coinbase and Deribit reportedly notified the regulatory authorities in Dubai about conversations. Deribit has a license in Dubai, which would have to be moved to Coinbase According to to Bloomberg, who quoted unnamed sources.
In January, Bloomberg announced that the Coinbase agreement can appreciate the exhaustion of $ 4 to 5 billion.
Deribit mentions options, Futures and cryptocurrencies. Bloomberg said his total commercial volumes amounted to around USD 1.2 trillion.
On March 20, Kraken, a competing cryptographic exchange, announced plans for the purchase of the Ninjatrader trading platform for about $ 1.5 billion.
Deribit is a popular exchange of derivative cryptocurrencies. Source: hit
Related: Kraken, to take over Ninjatrader for USD 1.5 billion to offer us Crypto Futures
Heated market
Cryptocurrency derivatives, such as Futures options, are growing popularity in the USA.
Futures are normalized contracts, enabling traders to buy or sell assets at the next time, often with a lever. Options are contracts that have the right to buy or sell – “Call” or “Put” in commercial combination – a base asset at a certain price.
Both types of derivative instruments are popular with both retail and institutional investors to protect and speculate.
Coinbase said that in December Coinbase said that commercial instruments increased by about 10,950% in 2024.
Coinbase lists derivative instruments related to around 92 different assets on its international stock exchange and a smaller number in the USA, According to to the annual report in 2024.
In January, Robinhood introduced contracts with cryptocurrencies when the popular online broker doubled its efforts to compete with Coinbase.
In February, the CME Group, the world’s largest exchanges in the world, said that it reached an average journal worth about $ 10 billion for cryptographic derivatives in the fourth quarter of 2024 – an boost of over 300% compared to the previous year.
In February, Coinbase launched the first commission for goods in the USA “Solana)” Sol) “Sol). CME introduced its own Sol Futures contracts in the next month.
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