A major US Crypto Exchange Coinbase is now moving towards a new big step. The company plans to purchase the famous Crypto derivative trading platform Deribit. With this deal Coinbase intends to further strengthen its business and Crypto will increase the ability to compete with platforms such as Binance and Okx in the derivatives space.
Please tell that coinbase is constantly updating its services and expanding its operations, under which Coinbase returns to India According to the information, the exchange has also registered with the Indian FIU in early March.
Conversation between coinbase and deribit
According to Bloomberg report, the conversation between Coinbase and Deribit has now reached the final stage. Panama -based Deribit is a leader in Bitcoin and Etreum Choices Buying and Selling. If this deal is completed, Coinbase will get the existing user base of Deribit and Crypto choices buying and selling expertise. Deribit’s options trading volume has reached $ 2.44 billion in 24 hours and futures trading volume to $ 811 million, making it a major player in the Crypto derivatives Market.
This can be a big strategic plan for coinbase, as he is working hard to give further expansion to his services. This will give coinbase an opportunity to make a strong grip in the space of crypto options in association with Deribit.
Signs of major changes and global global expansion
Currently, due to increasing regulatory surveillance in the US, Crypto exchanges are getting opportunities to expand at global levels. This deal can improve the global status of coinbase. According to the report, after Donald Trump returns to the White House, the crypto industry is seen to have a rapid deal-making.
At the same time, coinbase is also releasing new features for users to strengthen its operation. Where recently received for US customers Coinbase 24/7 BTC, Eth Futures will launch,
Conclusion
This potential acquisition with the Deribit of Coinbase can be an important milestone for the Crypto industry. If this deal is successful, coinbase may get a strong grip in the Global Crypto derivatives market. Although the financial details of this deal have not yet been revealed, it is clear that Coinbase is making every effort to further strengthen its competitive position.
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