Crypto derivatives platform Deribit has received potential acquisition interest, Bloomberg reported on Wednesday, citing sources.
The report adds that the company is working with Financial Technology Partners to examine opportunities.
Deribit CEO Luuk Strijers told CoinDesk that the options platform has appointed FT Partners as advisor for general advisory services and potential secondaries, in 2023.
“The interest in Deribit is partly due to the fact that we have continued to be the leading exchange in the digital asset options trading market,” Strijers said.
“In short, Deribit has not been put up for sale. Over time, we have received interest in strategic investments from various parties, which we will not disclose,” Strijers added.
The company could be valued at $4 billion to $5 billion or more, the report said, citing a person with knowledge of the matter. The report also adds that crypto exchange Kraken had considered purchasing Deribit, but did not proceed with an offer.
Kraken did not immediately respond to CoinDesk’s request for comment.
The current bullish trend in the crypto market appears to have reignited M&A activity, with major players like Moonpay and Chainalysis announcing two significant acquisitions this week.
