#Deribit Denies Sale#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors of the company being up for sale, but admitted that it has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions. While Deribit is not formally for sale, it has received interest from multiple parties for strategic investments. Previous reports suggested that crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or higher. Currently, the bull market in the cryptocurrency market is driving up 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 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 on the market, it has received multiple expressions of interest from strategic investors. Previously, it was reported that cryptocurrency 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 higher. Currently, the crypto market bull run is fueling a surge in M&A activity in the industry, including Moonpay and Chainalysis, which announced two major acquisitions this week. Deribit CEO's statement suggests that the company is actively exploring strategic investment opportunities but does not imply that the company is seeking to be sold.
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.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.
The bull market in the crypto space is driving up M&A activity in the industry.