Crypto derivatives exchange Deribit is selling 10% of its equity at 9-figure valuation

Quick Take

  • Crypto derivatives exchange Deribit is selling 10% of its common equity to QCP Capital and Three Arrows Capital, which in turn are seeking additional investors to split the 10% equity
  • The exchange is pitched to investors as of “great value,” especially in comparison to the $8 billion estimated valuation of BitMEX and the $700 million to $1 billion valuations of FTX
  • Although Deribit currently dominates the options market, the competition is heating up with Bakkt, CME, FTX and OKEx all entering the ecosystem.

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Crypto derivatives exchange Deribit is selling 10% of its equity at 9-figure valuation written by Celia Wan @ https://www.theblockcrypto.com/daily/52748/crypto-derivatives-exchange-deribit-sold-10-of-its-equity-at-9-figure-valuation?utm_source=rss&utm_medium=rss January 13, 2020 Celia Wan

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