Crypto derivatives platform Deribit has received potential acquisition interest, Bloomberg reported on Wednesday, citing sources.
The report added that the firm is working with Financial Technology Partners to review the opportunities.
Deribit CEO Luuk Strijers told CoinDesk that the options platform had appointed FT Partners as an advisor for general advisory services and potential secondaries, back in 2023.
“The interest in Deribit is partly due to the fact that we have remained the top 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 various parties, which we will not disclose,” Strijers added.
The company may be valued at $4 billion to $5 billion or more, the report said, citing a person with knowledge of the matter. The report also added that crypto exchange Kraken had reviewed purchasing Deribit, but did not proceed with an offer.
Kraken did not immediately respond to CoinDesk’s request for comment.
The current bull run in the cryptocurrency market appears to have reignited M&A activity, with big players like Moonpay and Chainalysis announcing two big acquisitions this week.
