Deribit, a prominent cryptocurrency options exchange, is reportedly exploring potential buyout offers amidst ongoing merger activity in the blockchain sector. According to Bloomberg, the exchange, which specializes in Bitcoin and Ether options and could be valued between $4 billion and $5 billion, has hired Financial Technology Partners to assess buyout opportunities after previously focusing on secondary stock sales. Although the exchange stated it is not officially for sale, it acknowledges receiving interest from various parties, including Kraken, although no formal buyout offer has been made. Launched in 2016, Deribit has grown into one of the largest crypto derivatives exchanges, processing nearly $1.4 billion in trading volume over 24 hours, with open interest at $2.8 billion. The exchange has also seen its trading volume nearly double to $1.2 trillion in 2024 and relocated to Dubai after securing a license. This move comes amid increasing acquisition activity in the crypto space, with several companies seeking strategic expansions to enhance their market reach and efficiencies.

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