Crypto Options Exchange Deribit Still in Talks to Be Acquired by Kraken: Source

Cryptocurrency choices trade Deribit remains to be speaking to Kraken for a possible acquisition, opposite to reviews that the U.S. trade had walked away from a possible deal to purchase Deribit, an individual acquainted with the matter stated.

Recent reviews additionally confirmed the crypto choices platform was working with FT Partners to assess takeover bids, however Deribit CEO Luuk Strijers dominated out a takeover state of affairs. The agency could possibly be valued at $4 billion- $5 billion or much more, in accordance to Bloomberg.

A second supply stated listed U.S. trade Coinbase (COIN) has additionally been kicking the tires of Deribit.

Deribit is an interesting takeover goal as a result of it’s the overwhelming market-leading trade for digital asset choices buying and selling, which Kraken could be trying to add to its buying and selling providing, Strijers had stated in an earlier report.

Kraken and Deribit declined to remark. Coinbase didn’t reply to requests for remark by press time