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Coinbase Could Be Near Multi-Billion Dollar Deal for Deribit: Bloomberg
Consummation of an acquisition would greatly advance Coinbase's push into the crypto derivatives market.
Updated Mar 21, 2025, 7:43 p.m. Published Mar 21, 2025, 5:56 p.m.
What to know:
- Coinbase is in advanced discussions with leading global crypto derivatives exchange Deribit, reports Bloomberg.
- Deribit earlier this year was reported to be valued in the $4 billion to $5 billion range.
Animal spirits in the crypto industry continue to be evident amid the eased regulatory stance of the Trump administration, with leading U.S. spot exchange Coinbase (COIN) in advanced acquisition talks with leading global derivatives exchange Deribit, reports Bloomberg.
According to the story, the companies have notified Dubai regulators (where Deribit is licensed) about the discussions.
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Bloomberg earlier this year — alongside rumors that Kraken was discussing an acquisition of Deribit — reported Deribit could be valued in the area of $4 billion to $5 billion.
Mostly known for its spot trading business, Coinbase (COIN) would be making a big push into the highly profitable crypto derivatives market with a purchase of Deribit, which saw trading volume in 2024 of nearly $1.2 trillion — almost double that of the year prior.
Earlier this week, another U.S. crypto exchange — Kraken — boosted its derivatives business with a $1.5 billion deal to purchase Ninja Trader.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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