Sources: crypto derivatives exchange Deribit raised ~$40M from existing investors at a $400M valuation; source says it raised $100M in 2021 at a $2.1B valuation
Deribit raised $40m from existing shareholders at a low valuation of $400m, and last year it was valued at $2.1 billion. The common explanation is that the market is down, but a more likely explanation is that it is to dilute 3AC's stake. https://www.theblock.co/...