Coinbase Global, the largest exchange of encrypted currencies in the United States, is said to have “advanced negotiations” Get derivativesStarting the derivatives in the Netherlands. In the event of this, this deal can become one of the largest acquisitions in the industry so far, with estimating rating estimates between $ 4 billion and $ 5 billion.
Exchange of derivatives in Coinbase Crosshairs
Deribit was established about a decade ago, and it has created itself as a platform for trading coded currency derivatives, especially options and Futures. The options are granted traders the right to buy or sell virtual assets at a specific price by a specific date, while future contracts are obligated to buy or sell origin at a specific price in a future date.
Deribit is noted to process more Bitcoin (BTC) and ETHEREUM (ETH) transactions more than any other exchange, with a trading volume of about $ 1.2 trillion in 2024, and almost doubles in the previous year.
Coinbase, on the other Digital assets By exchanging it.
In addition, the company provides a digital portfolio for asset management and discount card that is equivalent to users in the encrypted currency. For institutional customers, Coinbase runs a major mediation service that facilitates complex trading and provides resources such as cryptocurrencies.
Getting Deribit will greatly enhance Coinbase's capabilities in the derivative market, especially through its Bermuda platform that allows international users to trade Crypting derivatives.
According to Bloomberg, this step corresponds to the continuous Coinbase strategy to expand its products and enhance its competitive position in the sophisticated rapid encryption scene.
Organizational audit surrounds the acquisitions of acquisitions
According to what was reported, the acquisitions of the organizers in Dubai, where Deribit operates under a business license. However, Bloomberg's sources warn that the deal may not take into account its fruits.
Coinbase has a history of strategic acquisitions aimed at expanding its collection of features. Earlier this year, it acquired SpindL, a startup that focuses on it Blockchain adsAnd brought the team behind the Utopia Labs, known to develop services to treat the payment of the cryptocurrency.
This possible acquisition in the wake of the news announced by Kraken, another major competitor in the Exchang space, is its high -level acquisition of Ninjatrader LLC, a $ 1.5 billion future exchange.
This development indicates that there is an increasing trend between the exchange of cryptocurrency to unify and enhance their services offers in response to an increase Market competition The positive changes seen in the American organizational scene with President Donald Trump's second term at the White House.
Distinctive photo of Shutterstock, Chart from TradingView.com
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