Coinbase’s Wild Ride: Is Deribit the Next Big Fish? 🐟💰

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What to know:

  • In a twist worthy of a Dostoevsky novel, Coinbase is deep in the labyrinthine discussions with the illustrious Deribit, as reported by the ever-watchful Bloomberg.
  • Deribit, that elusive creature of the crypto sea, was earlier this year rumored to be swimming in the $4 billion to $5 billion waters. 🐠💸

Ah, the grand stage of U.S. crypto exchanges! Coinbase (COIN), the protagonist of our tale, finds itself in a dramatic acquisition dance with the global crypto derivatives maestro, Deribit. Bloomberg, the oracle of financial news, has spoken!

In a plot twist that would make even the most seasoned playwright chuckle, the companies have alerted the Dubai regulators—those guardians of the crypto realm—about their clandestine discussions.

Earlier this year, Bloomberg, alongside whispers of Kraken’s own acquisition escapades, hinted that Deribit might be valued somewhere in the mystical range of $4 billion to $5 billion. Quite the treasure, wouldn’t you say? 🏴‍☠️

Coinbase, primarily known for its spot trading antics, is gearing up for a grand leap into the lucrative world of crypto derivatives. With Deribit boasting a trading volume in 2024 that could reach a staggering $1.2 trillion—almost double the previous year—one can only imagine the fireworks! 🎆💥

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2025-03-21 21:09