According to Bloomberg, citing sources, Coinbase is conducting in-depth negotiations to acquire the crypto derivatives trading platform Deribit. Sources indicate that both companies have informed regulatory authorities in Dubai, as Deribit holds a license there, and any acquirer would take over this license.

It is reported that in January, after attracting potential acquirers, Deribit hired a financial advisor to "review opportunities". It is currently unclear whether Coinbase has reached any final agreement with Deribit. Bloomberg previously reported in January that Deribit's valuation could be between $4 billion and $5 billion.