Crypto derivatives platform Deribit, has obtained potential acquisition curiosity, Bloomberg reported on Wednesday, citing sources.
The report added that the agency is working with Monetary Know-how Companions to evaluation the alternatives.
Deribit CEO Luuk Strijers instructed CoinDesk that the choices platform had appointed FT Companions as an advisor for common advisory providers and potential secondaries, again in 2023.
“The curiosity in Deribit is due partly to the truth that we’ve got continued to be the overwhelming market-leading alternate for digital asset choices buying and selling,” Strijers mentioned.
“In brief, Deribit has not been put up on the market. Over time, we’ve got obtained curiosity in strategic investments from a wide range of events, which we is not going to disclose,” Strijers added.
The agency could valued at $4 billion- $5 billion or extra, the report mentioned, citing an individual with data of the matter. The report additionally added that crypto alternate Kraken had reviewed shopping for Deribit, however didn’t proceed with a proposal.
Kraken didn’t instantly reply to CoinDesk’s request for remark.
The present bull run within the crypto market appears to have reignited M&A exercise with main gamers like Moonpay and Chainalysis having introduced two massive acquisitions this week.