Deribit 是比特幣和以太坊選擇權的領先平台，正在評估策略機會，包括潛在的出售

該平台估值在 40 億至 50 億美元之間，已與 Financial Technology Partners (FT Partners) 合作探索收購要約。

Cryptocurrency exchange Deribit is exploring a potential sale that could value the platform at $4 billion to $5 billion, according to a Bloomberg report.

根據彭博社報道，加密貨幣交易所 Deribit 正在探索一項潛在的出售交易，該平台的估值可能達到 40 億至 50 億美元。

The report, citing people familiar with the matter, said Deribit has enlisted Financial Technology Partners (FT Partners) to help evaluate strategic options, including a sale.

該報告引述知情人士的話稱，Deribit 已聘請 Financial Technology Partners (FT Partners) 來協助評估策略選擇，包括出售。

The exchange is said to have initially worked with FT Partners on secondary stock sales, but those discussions have since expanded to include full acquisition bids.

據稱，該交易所最初與 FT Partners 就二級股票銷售事宜進行了合作，但後來這些討論已擴大到包括全面收購要約。

Deribit, known for its Bitcoin and Ethereum options trading, is said to have processed a record $1.2 trillion in trading volume in 2024.

Deribit 以比特幣和以太坊期權交易而聞名，據稱 2024 年的交易量達到創紀錄的 1.2 兆美元。

The exchange, founded in 2016, saw its options trading volume double last year to reach $743 billion. This growth is attributed to rising institutional demand and market volatility.

該交易所成立於 2016 年，去年選擇權交易量翻了一番，達到 7,430 億美元。這種成長歸因於機構需求的增加和市場波動。

However, Deribit told CoinDesk that no formal sale process has begun and that the company is open to strategic investment.

然而，Deribit 告訴 CoinDesk，正式的出售流程尚未開始，該公司對策略投資持開放態度。

The news of Deribit’s potential sale comes amid a surge in merger and acquisition (M&A) activity within the crypto sector.

Deribit 可能出售的消息傳出之際，加密產業內的併購活動激增。

During Q4 2024, industry-wide M&A deals reached $1.2 billion, tripling year-over-year. Some notable transactions include Robinhood’s $200 million acquisition of Bitstamp and Crypto.com’s buyout of Watchdog Capital to expand into equities trading.

2024 年第四季，全產業併購交易達到 12 億美元，較去年同期成長兩倍。一些著名的交易包括 Robinhood 以 2 億美元收購 Bitstamp 以及 Crypto.com 收購 Watchdog Capital 以進軍股票交易。

These deals also coincide with the broader optimism surrounding crypto-friendly policies under President Donald Trump’s administration.

這些交易也與唐納德·川普總統政府對加密貨幣友善政策的更廣泛樂觀情緒相吻合。

Analysts are speculating that the incoming administration could further drive M&A growth by easing regulatory constraints, which could benefit Deribit given its status as a crypto derivatives exchange.

分析師猜測，即將上任的政府可能會透過放鬆監管限制來進一步推動併購成長，鑑於 Deribit 作為加密貨幣衍生性商品交易所的地位，這可能會讓 Deribit 受益。

The Trump administration has signaled its support for blockchain innovation, with Bitwise CEO Hunter Horsley expressing optimism that new policies could “unfreeze” the M&A landscape, allowing large corporations to expand their market control.

川普政府已表示支持區塊鏈創新，Bitwise 執行長 Hunter Horsley 樂觀地表示，新政策可能「解凍」併購格局，允許大公司擴大市場控制力。

Deribit, for its part, has been adapting to regulatory challenges by restructuring its operations.

Deribit 則一直透過重組業務來適應監管挑戰。

The exchange launched Deribit FZE in Dubai to cater to institutional clients while maintaining its Panamanian base for retail investors.

該交易所在杜拜推出了 Deribit FZE，以滿足機構客戶的需求，同時維持其在巴拿馬的散戶投資者基礎。

Whether through a sale or continued independent operation, Deribit’s role in the crypto derivatives market is likely to remain significant.

無論是透過出售還是繼續獨立經營，Deribit 在加密貨幣衍生性商品市場中的作用可能仍然很重要。