According to Bloomberg, the Bitcoin and Ethereum options trading platform Deribit is working with financial advisor Financial Technology Partners LLC to assess potential acquisition opportunities. According to insiders, FT Partners was initially hired in early 2023 to help arrange a secondary stock sale for Deribit investors and is now also responsible for evaluating acquisition offers for the entire company. Reports suggest that Deribit's valuation could be over $4 billion to $5 billion, although Kraken had considered an acquisition but did not proceed. Deribit stated that the company is not officially for sale but has received strategic investment interest from multiple parties.