#Deribit denies sale rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied recent rumors about the company being acquired, but admitted that it has hired FT Partners to assess strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently for sale, it has received multiple strategic investment interests. Earlier, there were reports that crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit is reportedly valued at between $4 billion and $5 billion or more. Currently, the bull market in the crypto market is driving up M&A activity in the industry.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied rumors of the company being sold and confirmed 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 up for sale, it has indeed received interest from multiple strategic investors. Earlier, it was reported that crypto exchange Kraken had considered acquiring Deribit but did not make a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or higher. Currently, the crypto market's bull run is fueling a surge in mergers and acquisitions within the industry, including two major acquisitions announced this week by Moonpay and Chainalysis.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not for sale, but has received multiple strategic investment interests.
Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions.
Deribit has denied rumors of an acquisition by Kraken.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.