#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors of the company being acquired, but admitted that it has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not for sale, it has indeed received strategic investment interest from multiple parties. Earlier reports suggested that crypto exchange Kraken had considered acquiring Deribit, but no formal offer was made. Deribit is reportedly valued at $4 billion to $5 billion or higher. Currently, the crypto market's bull run is fueling M&A activity within the industry, with Moonpay and Chainalysis announcing two major acquisitions this week.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers has denied rumors that the company is up for sale, confirming that the firm has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not currently for sale, it has received interest from multiple strategic investors. Previously, it was reported that crypto exchange Kraken 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 crypto space is driving up 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 publicly traded, 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 denied rumors of an acquisition by Kraken, but did not explicitly deny other potential acquirers.
Deribit's valuation could be $4 billion to $5 billion or higher.