#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers recently denied rumors of the company being put up for sale, confirming that FT Partners has been hired as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently for sale, it has received strategic investment interest from multiple parties. Previously, there were reports that crypto exchange Kraken considered acquiring Deribit but did not make a formal offer. Deribit's valuation is likely between $4 billion and $5 billion, or higher. Currently, the bull market in the crypto space is driving up M&A activity within the industry, with Moonpay and Chainalysis announcing two major acquisitions this week.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers recently denied rumors that the company is for sale, confirming that the company has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not for sale, it has received interest from multiple strategic investors. Earlier reports indicated that crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit is reportedly valued between $4 billion and $5 billion or higher. Currently, the bull market in the crypto market is driving M&A activity in the industry, including Moonpay and Chainalysis announcing two major acquisitions this week. Deribit CEO emphasized that the company regularly receives strategic investment advice and denied the reports of a sale.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions.
Deribit is not currently for sale, but has received interest from multiple strategic investors.
Deribit has denied reports of a Kraken acquisition.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.