Report: Deribit Considers Acquisition Proposals, Valued at Up to $5B

Last Updated on January 15, 2025

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Key Takeaways:

  • Buyout Exploration: Deribit, valued at $4–$5 billion, is reportedly considering buyout proposals while maintaining it is not formally for sale.
  • Growth Metrics: The platform processed $1.4 billion in trades in the last 24 hours, with 2024 trading volumes nearly doubling to $1.2 trillion.
  • Relocation & Licensing: After obtaining a virtual asset license, Deribit relocated to Dubai in 2023, strengthening its regulatory standing.

Cryptocurrency options exchange Deribit is reportedly evaluating buyout offers amid increased merger activity in the blockchain sector.

The platform, valued between $4 billion and $5 billion, engaged Financial Technology Partners in 2023 to facilitate secondary stock sales and assess potential buyouts.

While Deribit emphasized it is not officially for sale, it acknowledged ongoing interest in strategic investments from various undisclosed parties.

One interested party is reportedly Kraken, although no formal offer has been made.

Established in 2016, Deribit is a leading cryptocurrency derivatives exchange by trading volume, processing $1.4 billion in trades and holding $2.8 billion in open interest over the past 24 hours.

Its trading volume surged to $1.2 trillion in 2024, reflecting significant growth.

In 2022, Deribit relocated to Dubai, UAE, after securing a virtual asset service provider license, reinforcing its global presence.

As the blockchain sector experiences increasing consolidation, Deribit’s position as a market leader attracts substantial interest, signaling potential changes in the competitive landscape.

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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

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