In January, Robinhood rolled out cryptocurrency futures as the popular online brokerage redoubled its efforts to compete with Coinbase. In February, CME Group, the world’s largest derivatives exchange, said it clocked an average daily trading volume of approximately $10 billion for crypto derivatives in the fourth quarter of 2024 — a more than 300% increase from the year prior. Coinbase launched the US’ first Commodity Futures Trading Commission-regulated Solana (SOL) futures in February.
Acquiring Deribit — the world’s largest venue for trading Bitcoin (BTC) and Ether (ETH) options — would bolster Coinbase’s existing derivatives platform, which currently focuses on futures. Coinbase and Deribit have reportedly alerted regulators in Dubai to the deal talks.
Both types of financial derivatives are popular among both retail and institutional investors for hedging and speculation. In December, Coinbase said derivatives trading volumes soared roughly 10,950% in 2024, Coinbase said. Coinbase lists derivatives tied to some 92 different assets on its international exchange and a smaller number in the US, according to its 2024 annual report.
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Author / Journalist: Cointelegraph by Alex O’Donnell
The story "Coinbase in talks to buy derivatives exchange Deribit: Report" has 395 words across 22 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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