#Deribit denies selling#

60
2
Posts
Hot Topic Details

Hot Topic Overview

Overview

Deribit CEO Luuk Strijers has denied recent rumors of the company being acquired. He said that Deribit has indeed 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. However, Deribit is not currently up for sale. There were earlier reports that crypto exchange Kraken was considering acquiring Deribit, but no formal offer was made. Deribit's valuation is reportedly between $4 billion and $5 billion or higher. Currently, the bull market in the crypto market is driving up M&A activity in the industry, including Moonpay and Chainalysis, which announced two major acquisitions this week.

Ace Hot Topic Analysis

小 A

Analysis

Deribit CEO Luuk Strijers has denied rumors that the company is up for sale, confirming that it has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently for sale, it has indeed received multiple expressions of strategic investment interest. Previously, it was reported that cryptocurrency exchange Kraken had considered acquiring Deribit, but did not make a formal offer. Deribit's valuation is reportedly in the range of $4 billion to $5 billion or higher. Currently, the bull market in the cryptocurrency market is fueling a surge in M&A activity within the industry, with Moonpay and Chainalysis announcing two major acquisitions this week.

Related Currencies

Public Sentiment

50%
50%

Discussion Word Cloud

Classic Views

Deribit is not for sale, but it has received strategic investment interest from multiple parties.

1

Deribit has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.

2

The bull market in the cryptocurrency market is driving up M&A activity in the industry.

3

Deribit's valuation could be between $4 billion and $5 billion or higher.

4