Kraken and Deribit Negotiations Persist Amidst Rumors

Kraken and Deribit Continue Acquisition Talks

Contrary to recent rumors stating that Kraken had abandoned its pursuit, discussions are still ongoing between the U.S. exchange and the cryptocurrency options platform, Deribit. This information comes from a source with insight into the matter.

Consultations with FT Partners

Deribit is currently evaluating acquisition bids alongside FT Partners. Despite these evaluations, CEO Luuk Strijers has dismissed the notion of an imminent takeover. Valuations for the platform could reach between $4 billion and $5 billion, or potentially higher, as reported by Bloomberg.