#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied recent rumors that the company is being sold. He confirmed that Deribit 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 for sale, it has received multiple expressions of strategic investment interest. Earlier reports suggested that cryptocurrency exchange Kraken had considered acquiring Deribit but had not submitted a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or higher.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied rumors of the company being sold, confirming that the company has engaged FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently up for sale, it has indeed received interest from multiple strategic investors. Previously, there were reports that crypto exchange Kraken was considering acquiring Deribit, but no formal offer was made. According to reports, Deribit's valuation could be between $4 billion and $5 billion or higher. Currently, the bull market in the crypto market is driving an uptick in M&A activity in the industry, including Moonpay and Chainalysis, which announced two major acquisitions this week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not currently for sale, but it has received significant strategic investment interest.
Deribit has engaged FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
The bull market in crypto is driving a surge in M&A activity in the industry.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.