#Ctrl Wallet, an encrypted wallet, is for sale.#
Hot Topic Overview
Overview
Crypto wallet Ctrl Wallet is up for sale, CEO Emile Dubie said, the company decided to sell after receiving two acquisition proposals at the end of last year. The auction process is currently underway, with bids due on January 28, and the winning bidder is expected to be announced on January 31. Ctrl Wallet currently has 650,000 users and is aiming to reach over 2 million by the end of the year. The company's CEO said that to compete with large rivals like Coinbase Wallet, Binance's Trust Wallet and OKX's wallet, the company needs a partner to invest.
Ace Hot Topic Analysis
Analysis
Crypto wallet company Ctrl Wallet is up for sale, with bids closing at the end of this month. Company CEO and founder Emile Dubie says the sale was triggered after the company received two acquisition proposals late last year. Ctrl Wallet received an acquisition offer from a crypto protocol, as well as a merger proposal from a large decentralized exchange (DEX). To be able to compete with big players like Coinbase Wallet, Binance's Trust Wallet, and OKX's wallet, Ctrl Wallet needs a partner, someone who can invest in the company. The company raised funds in 2021 at a valuation of $60 million, currently has 650,000 users, and aims to reach over 2 million by the end of the year. Specific details of the sale have not yet been disclosed, but the winning bidder is expected to be announced on January 31.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ctrl Wallet is for sale, with bids due at the end of the month.
The sale comes after the company received two acquisition offers late last year.
Ctrl Wallet received a takeover bid from a crypto protocol and a merger offer with a large decentralized exchange (DEX).
Ctrl Wallet needs a partner to invest in the company to compete with larger players like Coinbase Wallet, Binance's Trust Wallet, and OKX's wallet.