#Deribit denies sale#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit has been rumored to be acquired recently, but its CEO Luuk Strijers has denied the rumors of a sale. He said that Deribit has received strategic investment interest from multiple parties, and has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions, but the company is not for sale. Previously, there were reports 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 an increase in M&A activity in the industry, and Deribit's strategic investment consulting reflects this trend.
Ace Hot Topic Analysis
Analysis
Luuk Strijers, CEO of crypto derivatives trading platform Deribit, has denied recent rumors of a sale of the company. He confirmed that Deribit has received interest from multiple strategic investors and has engaged FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. However, Strijers emphasized that Deribit is not currently up for sale. Previous reports suggested that crypto exchange Kraken had considered acquiring Deribit but did not submit a formal offer. Deribit's valuation has reportedly been placed at $4 billion to $5 billion or higher. Currently, the bull market in the crypto market is driving a surge in M&A activity within the industry, including Moonpay and Chainalysis announcing two significant acquisitions this week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not publicly traded, but has 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.
The bull market in cryptocurrencies is driving up M&A activity in the industry.
Deribit could be valued at $4 billion to $5 billion or higher.