#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors that the crypto derivatives trading platform is being acquired, saying that Deribit is not for sale but has received strategic investment interest from multiple parties. He confirmed that the company has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. Previously, it was reported that crypto exchange Kraken was considering acquiring Deribit, but no formal offer was made. Deribit's valuation is reportedly in the range of $4 billion to $5 billion or higher. Currently, the bull market in the crypto market is driving up M&A activity in the industry, including two major acquisitions announced this week by Moonpay and Chainalysis.
Ace Hot Topic Analysis
Analysis
Luuk Strijers, CEO of crypto derivatives trading platform Deribit, has denied recent rumors of the company being acquired. He confirmed that Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions, and has received interest from multiple parties for strategic investments. However, he emphasized that the company is not for sale. Previously, it was reported that crypto 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 crypto market is driving an increase 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 for sale, but has received strategic investment interest from multiple parties.
Deribit has engaged FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions.
Deribit has denied reports of an acquisition.
The bull market in the crypto market is driving M&A activity in the industry.