The giant cryptorib derivatives are in advanced talks with Coinbase.
Tl;
- Coinbase is in advanced discussions to buy a debit, the leading platform of Bitcoin and Ether possibilities to strengthen its presence on the crypto derivative market.
- Debit with awarding between $ 4 and $ 5 billion dominates the cryptomy market and in 2024 exploded its volume of trading.
- This potential acquisition would allow Coinbase to stand up in the face of growing competition in the universe of crypto derivatives, where actors as Kraken are also exploring similar opportunities.
Coinbase is trying to dominate the market with a crypto derivative
Coinbase, which is known mainly for its business trading, seeks to strengthen its presence in the derivative market. According to Bloomberg“The US company is said to be advanced debits negotiations, the main platform specializing in bitcoin and ether options. This potential redemption is part of the Coinbase expansion strategy that is already active in the deadlines after obtaining the necessary licenses. More complex financial products. The aim of the operation would also focus on a larger proportion of the total volume of crypto-active exchanges. This diversification is a key lever in the face of growing competition in this industry.
Reference to crypto derivatives
Founded in 2016, Deribit has established itself as a dominant platform in the field of crypto derivatives with a special accent for bitcoin and ether possibilities. In 2024, the platform recorded an impressive volume of almost $ 1.2 trillion, which is twice the previous year. His award would currently be between $ 4 and $ 5 billion. Debitit benefits from a solid reputation in terms of liquidity and efficiency that allows him to attract professional and institutional traders. His headquarters in Dubai and local licenses also strengthen his position in the emerging markets. By integrating Debit by Coinbase, he approached the robust technology and network of users specializing in derivative products.
Market in full fucking
The derivative market now represents most of the volumes of trading in the cryptic universe, which far exceeds simple cash trading. Coinbase is aware of this problem that has taken a step towards the derivatives by launching offers for American users. However, the integration of the platform as a Debit would allow you to cross a large course and compete with other giants such as binance. Note that Kraken, another main actor, would also study the possible redemption of the deribit, a sign of the strategic interest that this segment represents. This derivative race illustrates the will of stock exchanges to expand its services to maintain an institutional clientele.
Uncertain operation
Despite advanced discussions, no final agreement between Coinbase and Deribit has not yet been concluded. However, both companies reported the Dubai regulatory bodies of the State of the Negotiation, which is confirmed by the development of the ensemble. According to Bloomberg, a few more points are verified and nothing guarantees that the operation will succeed. If it takes place, this acquisition would mean the main step in the Coinbase growth strategy by giving it a significant competitive advantage on the crypto derivative market. Meanwhile, the industry remains attentive to development, as this transaction could retrieve cards in the ecosystem of international exchanges.