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Crypto Derivatives Platform Deribit Receives Acquisition Interest
Deribit, a leading crypto derivatives platform, has reportedly received acquisition interest from several parties, according to a recent Bloomberg report.
Citing sources, Bloomberg reported that Deribit is working with Financial Technology Partners to review the opportunities.
Deribit CEO Luuk Strijers commented on the matter, stating that the interest in the company is due in part to its continued dominance in the digital asset options trading market.
“The interest in Deribit is due in part to the fact that we have continued to be the overwhelming market-leading exchange for digital asset options trading,” Strijers said.
“In short, Deribit has not been put up for sale. Over time, we have received interest in strategic investments from a variety of parties, which we will not disclose,” Strijers added.
According to the report, Deribit may be valued at $4 billion to $5 billion or more. The report also noted that crypto exchange Kraken had reviewed buying Deribit, but did not proceed with an offer.
Kraken did not immediately respond to CoinDesk’s request for comment.
Bull Run Rekindles M&A Activity
The current bull run in the crypto market appears to have reignited M&A activity, with major players like Moonpay and Chainalysis announcing large acquisitions this week.
Frequently Asked Questions
- What is Deribit? Deribit is a leading crypto derivatives platform.
- What is the valuation of Deribit? According to the report, Deribit may be valued at $4 billion to $5 billion or more.
- Has Kraken acquired Deribit? No, according to the report, Kraken reviewed buying Deribit but did not proceed with an offer.
- What is the current state of M&A activity in the crypto market? The current bull run appears to have reignited M&A activity, with major players like Moonpay and Chainalysis announcing large acquisitions this week.
Conclusion
Deribit’s acquisition interest is a testament to the company’s success in the digital asset options trading market. As the crypto market continues to evolve, we can expect to see more M&A activity in the space.