Coins in “more advanced” conversations for the procurement of deribit: report

It is alleged in advanced discussions in advanced discussions for the procurement of deribit, leading cript derivatives specialized for Bitcoin and ether options, according to Bloomberg.

Companies have informed Regulators in Dubai- where Deribit is licensed – on current negotiations, although the final agreement has not been confirmed.

Deribit is dominant player In the cripto option market, it is fully worth four billion and $ 5 billion earlier this year. The platform saw almost 1.2 trillion dollars in the scope for trading 2024. year, almost doubled its activity from the previous year.

Coins, above all, known for its sporting business, would significantly strengthen its stronghold in the derivative space with this acquisition, aligning with a broader spreading strategy.

Kraken and Deribit

Following potential acquisition Earlier reports That Kraken also investigated the offer for Deribit. Coinbase is increasingly focused on the growth of bids of its derivations, but run derivatives traded by American retail users and received a license to offer Fjucestre CRIPTO.

With the market market now, the accounting of great participation in the crypto for trading, providing a platform such as deribit can give Coin A strong competitive advantage in the sector.

Although negotiations reached an advanced phase, Bloomberg reported that he remains unclear that the two companies would finish the agreement.