#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied recent rumors that the company is up for sale. He 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 officially up for sale, it has indeed received interest from multiple strategic investors. Previously, it was reported 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 potentially higher. Currently, the bullish market in the crypto space is driving up M&A activity within the industry, including two major acquisitions announced this week by Moonpay and Chainalysis.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied recent rumors about a Deribit acquisition, 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 multiple strategic investment interests. Earlier reports claimed that crypto exchange Kraken had considered acquiring Deribit, but no formal offer was made. Deribit's valuation has reportedly been cited as potentially between $4 billion and $5 billion or higher. Currently, the crypto market's bull run is fueling merger and acquisition activity within the industry, with Moonpay and Chainalysis announcing two major acquisitions this week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not yet listed for sale, but has indeed received interest from multiple strategic investors.
Deribit has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
Deribit has denied rumors of a Kraken acquisition, but has not explicitly denied other potential acquirers.
The cryptocurrency market bull run has fueled M&A activity in the industry, and Deribit could be the next acquisition target.