Cryptocurrency derivatives exchange Deribit has engaged financial technology advisors, FT Partners, to explore potential strategic options, including a possible sale of the company.
While initially hired in early 2023 to facilitate secondary stock sales for existing investors, FT Partners’ mandate has expanded to include assessing potential acquisition bids.
Sources close to the matter suggest Deribit could command a valuation between $4 billion and $5 billion or higher.
This move comes amidst a surge in merger and acquisition activity within the cryptocurrency sector, driven by a renewed bullish sentiment following the 2024 U.S. presidential election.
January 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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