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

Quick TakeCrypto derivatives exchange Deribit has sold 10% of its common equity to QCP Capital and Three Arrows Capital, which in turn are seeking additional investors to split the 10% equityThe 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 FTXAlthough Deribit currently dominates the options market, the competition is heating up with Bakkt, CME, FTX and OKEx all entering the ecosystem.