#Deribit denies selling#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit has recently been rumored to be up for sale, but its CEO Luuk Strijers has explicitly denied this. He stated that Deribit has received strategic investment interest from multiple parties and has engaged FT Partners as an advisor to assess investment opportunities, but the company is not for sale. Previously, it was reported that Kraken had considered acquiring Deribit, but did not submit a formal offer. According to reports, Deribit's valuation could be in the range of $4 billion to $5 billion or higher. Currently, the bullish sentiment in the crypto market is driving up M&A activity within the industry, and Deribit's strategic investment consultation reflects this trend.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers recently denied rumors that the company was being sold, 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 up for sale, it has received interest from multiple strategic investors. Previously, it was reported that crypto exchange Kraken had considered acquiring Deribit, but did not submit a formal offer. Deribit is reportedly valued at $4 billion to $5 billion or higher. Currently, the crypto market bull run is fueling M&A activity in the industry, including Moonpay and Chainalysis announcing two major acquisitions this week. Deribit CEO's statement indicates that the company is actively seeking strategic investments to further develop its business, but currently has no plans for a sale.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not yet listed for sale, but has indeed received interest from multiple strategic investors.
Deribit has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
Deribit denied rumors of a Kraken acquisition, but did not explicitly deny other potential acquirers.
The bull market in the crypto market is driving up M&A activity in the industry, and Deribit could be part of it.