#Deribit denies selling#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors of the company being sold, but acknowledged that the company has hired 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 received interest from multiple strategic investors. Earlier reports suggested that crypto exchange Kraken was considering acquiring Deribit, but no formal offer was made. Currently, the bull market in the crypto market is driving up M&A activity in the industry, and Deribit's valuation could be in the range of $4 billion to $5 billion or higher.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied recent rumors about the company being put up for sale. He said 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. However, he stressed that Deribit is not currently for sale. Earlier reports indicated that cryptocurrency exchange Kraken had considered acquiring Deribit but had not made a formal offer. Deribit’s valuation is reportedly between $4 billion and $5 billion or higher. Currently, the bull market 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 yet listed for sale, but has received strategic investment interest from multiple parties.
Deribit has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
Deribit has denied reports of an acquisition by Kraken.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.