Deribit options exchange is evaluating buyout offers: Report
Deribit, a cryptocurrency options exchange, is exploring buyout opportunities amid increasing merger activity in the blockchain industry. The exchange hired Financial Technology Partners in 2023 to assist with secondary stock sales and evaluate buyout offers. Deribit is valued between $4 billion and $5 billion but has not officially been put up for sale. Interest in strategic investments has been received from various parties, including Kraken, although no formal offer has been made. Deribit, launched in 2016, is one of the largest crypto derivatives exchanges, processing nearly $1.4 billion in trading volume recently. The exchange relocated to Dubai in 2024 after obtaining a virtual asset service provider license. M&A activity in the blockchain sector is rising, with notable acquisitions including Chainalysis purchasing Alterya for $150 million and MoonPay acquiring Helio for $175 million. ARK Invest's CEO anticipates that deregulation under incoming US President Donald Trump will further stimulate blockchain M&A activity.
