#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied recent rumors of the company being acquired, 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 parties regarding strategic investments. Previously, it was reported that crypto exchange Kraken had considered acquiring Deribit but did not make a formal offer. Deribit's valuation is reportedly in the range of $4 to $5 billion or higher. Currently, the bull market in the crypto space is driving increased M&A activity in the industry, including two major acquisitions announced this week by Moonpay and Chainalysis.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers confirmed that the crypto derivatives trading platform has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. He denied previous rumors of Deribit being acquired. While Deribit is not currently up for sale, it has received strategic investment interest from multiple parties. Previous reports suggested that crypto exchange Kraken was considering acquiring Deribit, but did not make a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or more. The current crypto market bull run is heating up M&A activity in the industry, including Moonpay and Chainalysis, which have announced two major acquisitions this week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not publicly traded, but it has indeed received strategic investment interest from multiple parties.
Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions.
The bull market in the crypto market is driving up M&A activity in the industry.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.