#Deribit denies selling#
Hot Topic Overview
Overview
Deribit CEO Luuk Strijers has denied rumors that the crypto derivatives trading platform is for sale, but confirmed that the company has hired FT Partners as an advisor to evaluate strategic investment opportunities and potential secondary market equity transactions. While Deribit is not actively seeking a sale, it has received interest from multiple parties for strategic investments. Earlier reports suggested that cryptocurrency 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 cryptocurrency industry is driving an increase in mergers and acquisitions activity, including Moonpay and Chainalysis, which announced two major acquisitions this week.
Ace Hot Topic Analysis
Analysis
Deribit CEO Luuk Strijers recently denied rumors that the company is up for sale. He confirmed 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. However, he emphasized that Deribit is not currently for sale. Earlier reports had suggested that crypto exchange Kraken had considered acquiring Deribit, but had not made a formal offer. Deribit's valuation has been reported to be between $4 billion and $5 billion, or potentially even higher. The current bull market in the crypto market is driving an increase in mergers and acquisitions within the industry, with Moonpay and Chainalysis announcing two major acquisitions this week. The Deribit CEO's denial of sale rumors suggests the company may be seeking strategic investments to further develop its business rather than a full sale.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit is not currently for sale, 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.
The bull market in the crypto space is driving a surge in M&A activity within the industry.
Deribit's valuation could be in the range of $4 billion to $5 billion or higher.