#Deribit denies sale#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit has recently been rumored to be acquired, but CEO Luuk Strijers has explicitly denied the rumors of a sale. He said that the company has indeed received strategic investment interest from multiple parties and has hired FT Partners as an advisor to evaluate investment opportunities, but is not currently for sale. Earlier reports had suggested that crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit's valuation is reportedly between $4 billion and $5 billion or higher. The recent bull market in the crypto market has fueled M&A activity in the industry, and Deribit's strategic investment consultation reflects this trend.
Ace Hot Topic Analysis
Analysis
Luuk Strijers, CEO of crypto derivatives trading platform Deribit, recently denied rumors that the company is up for sale. While he admitted that Deribit has received strategic investment interest from multiple parties and has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions, he stressed that Deribit is not for sale. Earlier, there were reports that crypto exchange Kraken was considering 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, 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 listed, but has received significant strategic investment interest.
Deribit has engaged FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions.
The bull market in the crypto market has driven up merger and acquisition activity in the industry, with Moonpay and Chainalysis announcing two major acquisitions this week.
It was previously reported that crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer.