Deribit attracts buyers for potential acquisition, valuation may exceed $5 billion

ChainCatcher news, according to The Block, Bloomberg cited sources saying that the cryptocurrency 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 (FT Partners) to participate in this potential deal, and the cryptocurrency exchange Kraken has also expressed interest in being involved.

Bloomberg reported that Kraken has not pursued the acquisition and stated that Deribit's valuation could exceed $5 billion, with Kraken declining to comment on the matter. In a statement following The Block's request for comment, Deribit wrote: "Deribit is not currently for sale.

Over time, we have received strategic investment interest from various parties, and we will not disclose these interests. As a regular business operation process, Deribit appointed FT Partners as a consultant for general advisory services and potential secondary market investments at the beginning of 2023."