Odaily Planet Daily News: Coinbase is in advanced negotiations with Deribit, a leading global cryptocurrency 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 aggressively enter the lucrative cryptocurrency derivatives market. In 2024, Deribit's trading volume will approach $1.2 trillion, almost double the previous year. Earlier this week, Kraken also acquired Ninja Trader for $1.5 billion to strengthen its derivatives business. (CoinDesk)