#Deribit denies selling#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors that the company is up for sale, but admitted that it has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently for sale, it has indeed received interest from multiple parties for strategic investments. Earlier reports suggested that cryptocurrency exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit's valuation is reportedly in the range of $4 billion to $5 billion or higher. Currently, the bull market in the cryptocurrency market is driving up M&A activity in the industry.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has recently denied rumors of the company being sold, confirming that it has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not formally up for sale, it has received interest from multiple parties for strategic investments. Previous reports suggested that cryptocurrency exchange Kraken was considering acquiring Deribit, but no formal offer was made. Deribit's valuation is reportedly between $4 billion and $5 billion or higher. Currently, the bull market in the cryptocurrency industry is driving an increase in mergers and acquisitions, 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 publicly traded, but has received strategic investment interest from multiple parties.
Deribit has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
The cryptocurrency market bull run has fueled M&A activity in the industry.
Deribit's valuation could be between $4 billion and $5 billion or higher.