Key Highlights:

• Kraken considered an acquisition offer for Deribit but decided not to follow through.
• The valuation of Deribit could be between $4 billion to $5 billion or more.

Crypto derivatives platform Deribit has received interest for acquisition, as reported by Bloomberg on Wednesday, citing insiders.

The company is in discussions with Financial Technology Partners to evaluate the situation. Deribit CEO Luuk Strijers indicated that FT Partners was appointed for advisory services regarding potential secondary equity placements in 2023.

Strijers stated, "The interest in Deribit is due in part to the fact that we have continued to be the overwhelming market-leading exchange for digital asset options trading."
*Translation: "El interés en Deribit se debe en parte al hecho de que hemos continuado siendo el intercambio líder en el mercado para el comercio de opciones de activos digitales."

Furthermore, Strijers clarified, "In short, Deribit has not been put up for sale. Over time, we have received interest in strategic investments from a variety of parties, which we will not disclose."
*Translation: "En resumen, Deribit no se ha puesto en venta. A lo largo del tiempo, hemos recibido interés en inversiones estratégicas de diversas partes, que no divulgaremos."

Lastly, the report suggested that the ongoing bull run in the crypto market has spurred mergers and acquisitions, referencing major deals by companies like Moonpay and Chainalysis.