Exchange bitcoin derivatives Deribit will sell its stake in 10% of companies QCP Capital and Three Arrows Capital. It was estimated at a nine-digit amount that makes Deribit new unicorn.
In the commentary edition of The Block that first receives information about the transaction, head of the Three Arrows Capital su Zhu said that Deribit is one of the most profitable businesses in the industry.
Accurate assessment of the investment exchanges did not disclose, but it is between BitMEX ($8 billion) and FTX ($700 million — $1 billion), write in The Block. Some professional investors believe that it is seriously overstated, relying on the lead in the binary options market.
If you believe soo Joo, the market share of Deribit for cryptocurrency options is 88%. Total trading volume in 2019 amounted to $116 billion.
Among the competitors Deribit adjustable Bakkt and CME Group, as well as FTX and OKEx.
We will remind, in February Deribit translate all business processes from the EU to Panama because of the Fifth Directive of the European Union on the fight against money laundering (5AMLD EU).
The list of unicorns bitcoin industry Hurun can be found here.