PANews reported on January 15 that according to Bloomberg, Bitcoin and Ethereum options trading platform Deribit has attracted the interest of potential acquirers and is working with financial advisor Financial Technology Partners LLC to evaluate related opportunities. Sources revealed that Deribit may be valued at between $4 billion and $5 billion, although Kraken considered acquiring it but did not advance the transaction.

Deribit said in a statement that it was not officially listed for sale, but confirmed that it had received multiple strategic investment proposals. The platform's total trading volume almost doubled last year to $1.2 trillion, of which options notional trading volume increased by 99% to $743 billion.

Deribit’s current institutional clients are directly served by Deribit FZE, based in Dubai, while retail clients are supported by its Panama entity, whose parent company is based in the Netherlands. Deribit was founded in 2016 and is headquartered in the Netherlands.