Crypto derivatives platform Deribit has received potential acquisition interest, Bloomberg reported Wednesday, citing sources.
The report added that the firm is working with Financial Technology Partners to review the options.
Deribit CEO Luuk Strijers told CoinDesk that the options platform had appointed FT Partners as an adviser for general advisory services and potential secondaries back in 2023.
“The interest in Deribit is due in part to our continuing to be the overwhelmingly market-leading exchange for digital asset options trading,” Strijers said.
“In short, Deribit is not for sale. Over time, we have received interest in strategic investments from a number of different parties, which we will not disclose,” Strijers added.
The firm could be valued at $4-5 billion or more, the report said, citing a person with knowledge of the matter. The report also added that crypto exchange Kraken had reviewed the purchase of Deribit but did not proceed with an offer.
Kraken did not immediately respond to CoinDesk’s request for comment.
The current bull run in the crypto market seems to have restarted M&A activity, with major players such as Moonpay and Chainalysis announcing two major acquisitions this week.
