Deribit Reportedly Exploring Buyout Offers

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According to recent reports, cryptocurrency options exchange Deribit is considering potential buyout opportunities amidst a surge in merger activity within the blockchain industry.

In 2023, Deribit had hired Financial Technology Partners to assist with selling stock to existing investors, but the firm’s role has expanded to include evaluating offers for a complete buyout.

Bloomberg estimates that Deribit’s value could range between $4 billion and $5 billion. However, the exchange has clarified that it has not actively put itself up for sale, but has received interest from various parties for strategic investments.

One of these parties could potentially be Kraken, although anonymous sources told Bloomberg that no formal buyout offer has been made.

As one of the largest crypto derivatives exchanges in the world, Deribit processed a trading volume of almost $1.4 billion in the last 24 hours and has an open interest of $2.8 billion, according to CoinMarketCap data.

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