5 months ago
The crypto options level is reportedly moving with FT Partners to measure takeover bids.
Jan 15, 2025, 6:38 a.m. UTC
Crypto derivatives level Deribit, has received imaginable acquisition interest, Bloomberg reported connected Wednesday, citing sources.
The study added that the steadfast is moving with Financial Technology Partners to reappraisal the opportunities.
Deribit CEO Luuk Strijers told CoinDesk that the options level had appointed FT Partners arsenic an advisor for wide advisory services and imaginable secondaries, backmost successful 2023.
"The involvement successful Deribit is owed successful portion to the information that we person continued to beryllium the overwhelming market-leading speech for integer plus options trading," Strijers said.
"In short, Deribit has not been enactment up for sale. Over time, we person received involvement successful strategical investments from a assortment of parties, which we volition not disclose," Strijers added.
The steadfast whitethorn valued astatine $4 billion- $5 cardinal oregon more, the study said, citing a idiosyncratic with cognition of the matter. The study besides added that crypto speech Kraken had reviewed buying Deribit, but did not proceed with an offer.
Kraken did not instantly respond to CoinDesk's petition for comment.
The existent bull tally successful the crypto market, seems to person reignited M&A enactment successful the assemblage with large players similar Moonpay and Chainalysis having announced 2 ample acquisitions this week.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Deputy Managing Editor liable for breaking quality coverage. Before joining CoinDesk, helium was the European Editor astatine Acuris (Mergermarket), wherever helium dealt with copies related to backstage equity and the startup ecosystem. He has besides worked arsenic an expert for CRISIL, covering the European markets and planetary economies. His astir notable tenure was with Reuters, wherever helium worked arsenic a analogous and an exertion for assorted teams. He does not person immoderate crypto holdings.
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