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Deribit attracts buyers for potential acquisition, with a valuation possibly exceeding 5 billion dollars.

OdailyJan 14, 2025

Odaily Planet Daily reported that Bloomberg, citing knowledgeable sources, stated that the crypto derivatives exchange Deribit has hired a financial advisor to "review opportunities" after attracting the attention of potential acquirers. The company has invited Financial Technology Partners LLC (referred to as FT Partners) to participate in this potential transaction, and the cryptocurrency exchange Kraken has also expressed interest in getting involved. Bloomberg reported that Kraken has not moved forward with an acquisition and noted that Deribit's valuation could exceed 5 billion USD, while Kraken declined to comment on the matter. In response to a request for comment from The Block, Deribit stated in a statement: "Deribit is not currently up for sale. Over time, we have received strategic investment interest from various parties, which we will not disclose. As part of the regular course of business operations, Deribit appointed FT Partners as advisors for general consulting services and potential secondary market investments in early 2023."

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Deribit attracts buyers for potential acquisition, with a valuation possibly exceeding 5 billion dollars.

OdailyJan 14, 2025

Odaily Planet Daily reported that Bloomberg, citing knowledgeable sources, stated that the crypto derivatives exchange Deribit has hired a financial advisor to "review opportunities" after attracting the attention of potential acquirers. The company has invited Financial Technology Partners LLC (referred to as FT Partners) to participate in this potential transaction, and the cryptocurrency exchange Kraken has also expressed interest in getting involved. Bloomberg reported that Kraken has not moved forward with an acquisition and noted that Deribit's valuation could exceed 5 billion USD, while Kraken declined to comment on the matter. In response to a request for comment from The Block, Deribit stated in a statement: "Deribit is not currently up for sale. Over time, we have received strategic investment interest from various parties, which we will not disclose. As part of the regular course of business operations, Deribit appointed FT Partners as advisors for general consulting services and potential secondary market investments in early 2023."

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