TechFlow reported on March 22, according to Bloomberg, that U.S. largest cryptocurrency exchange Coinbase Global Inc. is engaged in advanced acquisition talks with Deribit, the world's largest bitcoin and ether options trading platform. Both parties have informed Dubai regulators of the discussions, as Deribit holds licenses in Dubai that would be transferred to the acquiring party.
Bloomberg reported in January that Deribit could be valued between $4 billion and $5 billion. It remains unclear whether Coinbase has reached a final agreement with Deribit, and the negotiations could still fall through.
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