Deep Coinbase in Deribit talks, the largest exchange options on this planet. Deribit deals with more bitcoin options and more than anyone else.
According to a report From Bloomberg, the two companies have already contacted the organizers in Dubai, where Deribit has a license. This license will be delivered to Coinbase if the deal continues.
No final agreement was signed. The deal may collapse. But Bloomberg stated in January that the Deribit evaluation is between 4 billion dollars and $ 5 billion. This range has not changed. People close to the deal asked not to name because the conversations are special.
Coinbase chases the greatest control of encryption derivatives
If this happens, this will be one of the largest acquisitions in the date of encryption. Timing is not random. Donald Trump’s return to the White House has already started a new round of deals. People have put a friend of encryption in important government roles. One of his latest movements is to create Bitcoin Reserve. This policy alone is to withdraw companies to work.
Coinbase wants to take over its cradle for real skin in the encryption derivative game. The company is already running a derived place for it, which was launched in 2023. But it was always more focused on immediate trading. This is where most of its power is. Buying Deribit will turn the text program.
Trading options explode. The Deribit traders platform allows options, futures and topical trading. Total size on Deribit doubled almost last year. It was $ 1.2 trillion, according to Deribit. The company also stated that the total virtual options jumped 99 % to $ 743 billion in 2024.
Kraken, a major competitor for Coinbase, is trying to move quickly. Only this week, Kraken said it buys ninjatrader, a retail futures for ahead, for $ 1.5 billion. This deal will allow the submission of encryption derivatives in the United States for the first time. Bloomberg says that knees can be publicly presented early in the first quarter of next year.
M & A encoder grows after Trump’s victory
The founders of Deribit, John Jansen and Marius Jansen launched the exchange in the Netherlands in 2016. The first investors included Crypto XBTO and 10T Holdings. The company is still technically not for sale, according to its own statement from January. “In short, Deribit has not been offered for sale,” the company said. “Over time, we received interest in strategic investments from a variety of parties, which we will not reveal.”
However, behind the scenes, things are clearly moving. The encryption gathering that followed Trump’s election is to put the way for more deals like this. According to the Consulting Company for Architects, the total integration and purchase operations in Crypto jumped from $ 400 million in the fourth quarter of 2022 to $ 1.2 billion in the fourth quarter of 2023.
More companies enter into it. In January, Falconx announced that it will get Arbeos Markets, a startup for derivatives. Moonpay and Chainalysis also acquired them this year.
Coinbase just post a strong quarter. Last month, revenues said more than weakness and expected profits increased. Retailing traders have returned. Many have withdrawn during the last bear market. This return gives Coinbase more space to make movements like this.
Options have become one of the most used tools in the encryption space. They allow merchants to buy or sell assets at a fixed price by a specific time. But they do not have to complete the trade. In the wild markets in Crypto, this type of elasticity helps in the risk of hedging.
If this deal continues, Coinbase will immediately become dangerous in encryption derivatives. This is not something known to. yet.
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