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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.
Deribit is selling 10% of its equity to market maker QCP Capital and crypto fund Three Arrows Capital at a "three-digit million" valuation.

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