From Cointelegraph

March 21, 2025 3:20:00 pm:

Coinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange. Acquiring Deribit would enhance Coinbase’s existing derivatives platform, focusing on futures. Deribit reportedly holds a license in Dubai, with a potential deal valuing the exchange at $4-5 billion. Kraken recently announced plans to acquire NinjaTrader for $1.5 billion. Cryptocurrency derivatives like futures and options are gaining popularity in the US, with Coinbase reporting a significant increase in trading volumes. In January, Robinhood rolled out cryptocurrency futures to compete with Coinbase. CME Group reported a more than 300% increase in crypto derivatives trading volume in the fourth quarter of 2024. Coinbase launched the US’ first CFTC-regulated Solana futures in February, with CME following suit the next month.

Read more at Cointelegraph: Coinbase in talks to buy derivatives exchange Deribit: Report