#Deribit Denies Sale Rumors#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors that the company is being sold, but admitted that it has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions. While Deribit is not for sale, it has received interest from multiple parties for strategic investments. Earlier, 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 $4-5 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
Deribit CEO Luuk Strijers has confirmed that the company has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. He stressed that Deribit is not up for sale but has indeed received interest from multiple parties for strategic investments. Earlier reports indicated that crypto exchange Kraken had considered acquiring Deribit but did not make a formal offer. 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 M&A activity in the industry, including two major acquisitions announced this week by Moonpay and Chainalysis. Deribit CEO's statement indicates the company is actively seeking strategic investments, but denies the rumors of a sale. However, Deribit's high valuation and the growing M&A activity in the industry still suggest that Deribit could be a target for future acquisitions.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit denies sale rumors, but has hired advisors to evaluate strategic investment opportunities
Deribit has received interest from multiple strategic investors, but is not for sale
Crypto market bull run fuels M&A activity in the industry
Deribit's valuation could be between $4 billion and $5 billion or higher