Deribit attracts buyers for a potential acquisition, with a valuation possibly exceeding 5 billion USD.

According to a report by Bloomberg on January 15, crypto derivatives exchange Deribit has hired Financial Technology Partners LLC (FT Partners) as a financial advisor to "assess opportunities" due to interest from potential acquirers.

The report states that cryptocurrency exchange Kraken had expressed interest in acquiring Deribit but ultimately did not move forward. Sources reveal that Deribit's valuation could exceed 5 billion USD. A spokesperson for Kraken declined to comment on this matter.

In response, Deribit stated that the company is not up for sale. The company appointed FT Partners as advisors at the beginning of 2023 to provide general consulting services and potential secondary market investment services.