Deribit Continues Acquisition Talks with Kraken Despite Earlier Reports
Deribit, a cryptocurrency options exchange, is still in discussions with Kraken regarding a potential acquisition. This follows earlier reports suggesting Kraken had abandoned the deal.
Key points:
- Deribit is working with FT Partners to evaluate takeover bids.
- CEO Luuk Strijers dismissed the notion of a takeover.
- Deribit could be valued between $4 billion and $5 billion.
- Coinbase is also reportedly interested in Deribit.
- Deribit holds a leading position in digital asset options trading, which attracts interest from exchanges like Kraken.