Coinbase is reportedly close to finalizing a multi-billion dollar acquisition deal for Deribit, as indicated by Bloomberg. Deribit is a major cryptocurrency derivatives exchange known for its options and futures trading. This potential deal comes at a time when Coinbase is looking to expand its market presence and offerings in a competitive industry. Deribit has gained significant traction and reputation in the crypto space, which would bolster Coinbase’s position in derivatives trading if the acquisition goes through. The discussions are ongoing, and further details about the negotiation process have not been disclosed yet. However, this move could represent a significant strategic step for Coinbase as it aims to enhance its service offering and tap into the growing demand for more sophisticated trading options in cryptocurrency markets.

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