Crypto firm Ctrl Wallet is currently up for sale, with bids due by January 28. This decision follows two merger and acquisition (M&A) approaches received last year. Emile Dubie, the CEO and founder, confirmed that the auction process was initiated after a takeover offer from a crypto protocol and a proposal to merge with a large decentralized exchange (DEX). The company has engaged investment bankers from Imperii Partners to manage the sales process. Currently, Ctrl Wallet boasts 650,000 users and aims to expand to over 2 million by year's end. Competing against major players like Coinbase Wallet, Binance's Trust Wallet, and OKX's wallet, Dubie emphasized the need for a partnership that can provide necessary investment to grow the business. The company previously raised funds in 2021 at a valuation of $60 million.

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