TechFlow reports that on January 15, according to Bloomberg, Deribit, a cryptocurrency derivatives exchange, has hired Financial Technology Partners LLC (FT Partners) as its financial advisor to "evaluate opportunities," as it has attracted interest from potential acquirers.
The report stated that Kraken, another cryptocurrency exchange, had expressed interest in acquiring Deribit but ultimately did not move forward. Sources indicated that Deribit's valuation could exceed $5 billion. In response, a Kraken spokesperson declined to comment.
In its response, Deribit said the company is not for sale. It appointed FT Partners as an advisor in early 2023 to provide general advisory services and support regarding potential secondary market investments.
