Deribit, a MAJOR player in the crypto derivatives market, has engaged FT Partners to explore potential acquisition opportunities due to rising interest from buyers. The company’s valuation stands over 5 billion USD, leading Kraken to back away from any acquisition discussions.
Deribit, holding a dominant market share with 73.4% of Bitcoin options volume as of December 2024, asserts it is not officially for sale. However, the firm acknowledges continued interest from various investors, highlighting its significant role in the crypto derivatives sector.
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