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Coinbase is in advanced talks to buy derivatives venue deribit

The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer. An acquisition of Deribit would mark Coinbase’s most ambitious push so far into the lucrative crypto derivatives market. 

"An acquisition of Deribit would mark Coinbase’s most ambitious push so far into the lucrative crypto derivatives market."

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defi, m&a