#Deribit denies selling#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit recently denied rumors of a sale, but acknowledged it had hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit CEO Luuk Strijers stressed that the company is not up for sale, it has indeed received interest from multiple parties for strategic investments. Earlier reports suggested that crypto exchange Kraken had considered acquiring Deribit but did not submit a formal offer. Deribit's valuation is reportedly in the range of $4 billion to $5 billion or even higher. Currently, the bullish sentiment in the crypto market is driving up M&A activity within the industry, and Deribit's potential sale reflects this trend.
Ace Hot Topic Analysis
Analysis
Luuk Strijers, CEO of crypto derivatives trading platform Deribit, recently denied rumors of the company being put up for sale, confirming that it has engaged FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions. While Deribit is not for sale, it has indeed received interest from multiple strategic investors. Earlier reports suggested that crypto exchange Kraken had considered acquiring Deribit but did not make a formal offer. According to reports, Deribit's valuation could be in the range of $4 billion to $5 billion or higher. Currently, the bullish market in the crypto industry is driving up M&A activity, 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 currently for sale but has 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 an increase in M&A activity within the industry.
Deribit's valuation could be in the $4 billion to $5 billion range or higher.