#Deribit denies selling#
Hot Topic Overview
Overview
Crypto derivatives trading platform Deribit has been rumored to be for sale, but its CEO Luuk Strijers has denied the claim. He said that Deribit has received interest from multiple strategic investors and has hired FT Partners as an advisor to assess investment opportunities, but the company is not up for sale. Earlier reports suggested that crypto exchange Kraken had considered acquiring Deribit, but no formal offer was made. Deribit's valuation is reportedly between $4 billion and $5 billion or higher. Currently, the bull market in crypto has heated up M&A activity within the industry, and Deribit's strategic investment consultation reflects this trend.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers recently denied rumors of the company being sold and confirmed that it has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not up for sale, it has indeed received interest from multiple parties for strategic investments. Previously, there were reports that the crypto exchange Kraken was considering acquiring Deribit, but no formal offer was made. 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 up M&A activity in the industry, including two major acquisitions announced this week by Moonpay and Chainalysis. The statement from Deribit's CEO indicates that the company is actively exploring strategic investment opportunities, but there are no sale plans confirmed at this time.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not for sale, but it has indeed received strategic investment interest from multiple parties.
Deribit has hired FT Partners as an advisor to assess strategic investment opportunities and potential secondary market equity transactions.
Deribit's valuation could be between $4 billion and $5 billion, or even higher.
The bull market in the crypto market is driving up M&A activity in the industry.