Crypto shares extended gains in overnight trading as bitcoin rose above $86,000 in latest 24 hours. Strategy and Riot Platforms rose over 4%; MARA Holdings and Coinbase Global, Inc. rose over 3%.
Coinbase is set to acquire the world’s largest crypto derivatives exchange for Bitcoin and Ether options, Deribit.
According to Bloomberg, the companies have reached "advanced talks" in the deal and have notified regulators in Dubai about these discussions as Deribit holds a license in the region, which would be transferred to any acquirer.
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