Recent reports indicate that Coinbase Global Inc., one of the largest cryptocurrency exchanges globally, is actively negotiating the acquisition of Deribit—the leading platform for trading Bitcoin and Ethereum options. This development could significantly impact both the cryptocurrency market and the future of Coinbase itself.

In recent years, the cryptocurrency derivatives market has experienced rapid growth, with Deribit emerging as one of its standout players. A recent Bloomberg report has generated significant buzz within the crypto world, revealing that Deribit could be valued between $4 and $5 billion. According to the publication, the exchange has reportedly received multiple acquisition offers, with U.S.-based cryptocurrency exchange Kraken being one of the potential buyers.