Odaily Planet News reported that Coinbase is conducting high-level negotiations with Deribit, a leading global crypto derivatives exchange, and has notified Dubai regulators. Deribit's valuation earlier this year was between $4 billion and $5 billion. If the acquisition is completed, Coinbase will make a significant entry into the lucrative crypto derivatives market. In 2024, Deribit's trading volume approached $1.2 trillion, nearly double the previous year. Earlier this week, Kraken also acquired Ninja Trader for $1.5 billion, strengthening its derivatives business. (CoinDesk)