#Deribit denies selling#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit has been rumored to be acquired recently, but its CEO Luuk Strijers has explicitly denied the rumors. He stated that Deribit has received interest from multiple strategic investors and has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While there were reports that Kraken had considered acquiring Deribit, no formal offer was made. Currently, Deribit's valuation may be between $4 billion and $5 billion or higher. The recent bull market in the cryptocurrency market has fueled M&A activity within the industry, and Deribit's strategic investment news reflects this trend.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied recent rumors about the company being put up for sale. While he confirmed that Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions, and has received interest from multiple parties, he stressed that Deribit is not currently up for sale. Earlier reports suggested that cryptocurrency exchange Kraken had considered acquiring Deribit but did not make a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or more. The recent bull run in the cryptocurrency 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 traded, but 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.
Deribit's valuation may be in the range of $4 billion to $5 billion or higher.
The crypto market bull run is fueling M&A activity in the industry.