Bloomberg reported on Wednesday that crypto derivatives platform Deribit has received a potential acquisition offer, citing people familiar with the matter.
The report added that the company is working with Financial Technology Partners to explore opportunities.
Deribit CEO Luuk Strijers told CoinDesk that the options platform has appointed FT Partners as general advisory services and potential secondary advisor in 2023.
“The interest in Deribit is due in part to the fact that we continue to dominate the market in digital asset options trading,” Streiss said.
“In short, Deribit is not for sale. Over time, we have received strategic investment interest from various parties, which we will not disclose,” Strijers added.
The report said the company could be valued at $4 billion to $5 billion or more, citing people familiar with the matter. The report also added that cryptocurrency exchange Kraken considered acquiring Deribit, but did not proceed with the proposal.
Kraken did not immediately respond to CoinDesk’s request for comment.
The current strength in the crypto market appears to be reigniting M&A activity, with major companies such as Moonpay and Chainarise announcing two major acquisitions this week.
