Investing.com -- Coinbase Global (NASDAQ: COIN ) Inc., the largest US-based crypto exchange, is reportedly in advanced talks to acquire Deribit, the world’s leading trading platform for Bitcoin and Ether options, Bloomberg reported on Friday.

The potential acquisition has been communicated to regulators in Dubai, as Deribit holds a license in the city. This license would be transferred to the acquiring entity, in this case, Coinbase, as noted in the report.

Deribit’s valuation was reported by Bloomberg in January to be in the range of $4 billion to $5 billion. However, it remains unclear if Coinbase has reached a final agreement with Deribit. The report added that the talks might not necessarily result in a deal.

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