Crypto Options Venue Deribit Said to Draw Interest From Buyers

Deribit, the world’s largest trading platform for Bitcoin and Ether options, has drawn interest from potential acquirers and is working with a financial adviser to review opportunities, according to people with knowledge of the matter.

Deribit is working with Financial Technology Partners LLC, said the people, who declined to be identified discussing a confidential process. FT Partners was initially hired in early 2023 to help arrange secondary stock sales for existing Deribit investors, though its general advisory mandate now also includes assessing bids for the whole firm, the people said.

Deribit may be worth $4 billion to $5 ...